Top 5 Small Company Stocks You Should Own Now

4. Diana Shipping Inc. (NYSE:DSX)

Number of Hedge Fund Holders: 15

Diana Shipping Inc. (NYSE:DSX) was incorporated in 1999 and is based in Athens, Greece. The company offers shipping transportation services, moving dry bulk cargoes such as iron ore, coal, and grain, among other materials through shipping routes worldwide. The company posted a Q2 GAAP EPS of $0.42, beating estimates by $0.06. The revenue of $74.52 million gained 58.5% year over year and outperformed Wall Street consensus by $2.68 million. The fleet utilization in Q2 2022 was 99.7% versus 99.6% in the same period a year ago. Diana Shipping Inc. (NYSE:DSX)’s latest quarterly dividend, paid on August 19, increased by 10% to $0.275 per share from its prior dividend of $0.250.

On August 11, Diana Shipping Inc. (NYSE:DSX) agreed to purchase nine modern ultramax dry bulk vessels built between 2015 and 2018. The vessels will be delivered by Q4 2022 and will be paid for in terms of cash and issuance of common shares. The company will acquire the nine vessels for a purchase price of $330 million.  

Among the hedge funds tracked by Insider Monkey, Jeremy Hosking’s Hosking Partners is the largest stakeholder of Diana Shipping Inc. (NYSE:DSX) as of Q2 2022, with 4.30 million shares worth $20.6 million. Overall, 15 hedge funds were bullish on Diana Shipping Inc. (NYSE:DSX) at the end of June, up from 12 funds in the prior quarter.