Diana Shipping Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $339.3M
- Price
- $2.71
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.26%
- Volume
- 1.9M
About
Diana Shipping Inc. specializes in providing maritime transportation solutions. The company is responsible for the global carriage of various dry bulk commodities, such as iron ore, coal, grain, and other loose materials, across shipping routes worldwide. As of April 13, 2022, their operational fleet comprised 35 dry bulk carriers, detailed as 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax vessels. Formed in 1999, the organization was originally known as Diana Shipping Investments Corp. before officially becoming Diana Shipping Inc. in February 2005. Its primary operational base is located in Athens, Greece.
Quick stats
Shares outstanding125.2M
Computed float75.8M
Float / shares60.6%
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001318885
AI Summary
AI-generated1/50
standardneutralm and a
Diana Shipping Inc. Withdraws Offer to Acquire Genco Shipping & Trading Following Genco Board's Outrageous Demands
Diana Shipping withdrew its offer to acquire Genco Shipping & Trading, stating that the Genco Board's demands for approximately $36.91 per share were 'outrageous' and impossible for a credible buyer to meet.
Diana argued that Genco's requested price represented a 57% premium to its undisturbed share price and relied on inflated asset valuations that significantly exceeded independent analyst estimates.
Despite terminating the offer, Diana remains Genco's largest shareholder and pledged to hold the board accountable for its standalone performance, criticizing Genco's expenditure of $17 million in shareholder funds to defend against the proposal.
Red flags
- Acquisition proposal withdrawn due to valuation impasse
- Hostile relationship between acquirer and target board
- Target board accused of prioritizing management retention over shareholder value