Sea Trade Holdings Maintains 19.9% Stake in Diana Shipping

TL;DR

**Sea Trade Holdings still owns nearly 20% of Diana Shipping, keeping a big say in the company.**

AI Summary

Sea Trade Holdings Inc. filed an amended Schedule 13G/A on February 12, 2024, reporting a significant change in its beneficial ownership of Diana Shipping Inc. common stock. As of December 31, 2023, Sea Trade Holdings Inc. now holds shared voting and dispositive power over 19,165,545 shares, representing 19.9% of Diana Shipping Inc.'s outstanding common stock. This matters to investors because it indicates a major institutional holder has maintained a substantial stake, potentially signaling confidence in the company's long-term prospects, but also means a large block of shares could be influenced by a single entity.

Why It Matters

This filing shows a major investor, Sea Trade Holdings Inc., continues to hold a significant portion of Diana Shipping Inc., which can influence corporate decisions and stock stability.

Risk Assessment

Risk Level: medium — While a large institutional holder can provide stability, a significant concentration of shares also means a single entity can exert considerable influence, which could be a risk if their interests diverge from other shareholders.

Analyst Insight

Investors should monitor future filings from Sea Trade Holdings Inc. for any changes in their substantial ownership, as a significant reduction could signal a shift in their outlook on Diana Shipping Inc.

Key Numbers

• 19,165,545 — Shares Beneficially Owned (Represents the total shares Sea Trade Holdings Inc. has shared voting and dispositive power over in Diana Shipping Inc.)
• 19.9% — Percentage of Class (This is the percentage of Diana Shipping Inc.'s common stock beneficially owned by Sea Trade Holdings Inc., indicating a significant stake.)
• $0.01 — Par Value per Share (The stated par value of Diana Shipping Inc.'s common stock.)
• December 31, 2023 — Date of Event (The date as of which the beneficial ownership information in the filing is reported.)
• February 12, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)

Key Players & Entities

• Sea Trade Holdings Inc. (company) — reporting person and beneficial owner
• DIANA SHIPPING INC. (company) — subject company (issuer)
• ATLANTA INTERNATIONAL INC. (company) — group member
• TRANSATLANTIC SHIPHOLDINGS INC. (company) — group member
• Republic of the Marshall Islands (company) — place of organization for Sea Trade Holdings Inc.

Forward-Looking Statements

• Sea Trade Holdings Inc. will maintain its significant stake in Diana Shipping Inc. for the foreseeable future. (Sea Trade Holdings Inc.) — medium confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• ea193326-13ga2sea_diana.htm (SC 13G/A) — 65KB
• ea193326ex99-1_diana.htm (EX-99.1) — 4KB
• 0001213900-24-012598.txt ( ) — 71KB

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. 5

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 SEA TRADE HOLDINGS INC. By: /s/ Robert G. Shaw Name: Robert G. Shaw Title: Managing Director and Secretary TRANSATLANTIC SHIPHOLDINGS INC. By: /s/ Robert G. Shaw Name: Robert G. Shaw Title: Managing Director and Secretary ATLANTA INTERNATIONAL INC. By: /s/ George Mouskas Name: George Mouskas Title: President 6

View Full Filing

View this SC 13G/A filing on SEC EDGAR