12 Most Undervalued Penny Stocks to Buy Now

4. Diana Shipping Inc (NYSE:DSX)

Number of Hedge Fund Investors: 12

P/E Ratio: 7.12

Diana Shipping Inc (NYSE:DSX) Shipping is a high-dividend yield penny stock in our list with a low PE ratio (7.12).

A total of 12 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Diana Shipping Inc (NYSE:DSX). The most significant stake in Diana Shipping Inc (NYSE:DSX) is owned by Jeremy Hosking’s Hosking Partners which had a $14 million stake.