BidaskClub lowered shares of Diana Shipping inc. (NYSE:DSX) from a hold rating to a sell rating in a research report released on Sunday, July 30th.
Several other research firms also recently issued reports on DSX. Zacks Investment Research downgraded Diana Shipping inc. from a buy rating to a hold rating in a research report on Wednesday, May 3rd. Stifel Nicolaus reissued a hold rating and issued a $5.25 target price on shares of Diana Shipping inc. in a research report on Wednesday, July 19th. Jefferies Group LLC upped their target price on Diana Shipping inc. from $3.50 to $5.00 and gave the company a hold rating in a research report on Monday, April 24th. J P Morgan Chase & Co raised Diana Shipping inc. from a neutral rating to an overweight rating and set a $8.00 target price on the stock in a research report on Friday, April 7th. Finally, Credit Suisse Group set a $3.00 price target on Diana Shipping inc. and gave the stock a hold rating in a research report on Saturday, April 22nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $4.07.
Diana Shipping inc. (NYSE:DSX) traded up 0.25% during mid-day trading on Friday, hitting $3.97. The company’s stock had a trading volume of 272,523 shares. The company’s market cap is $383.86 million. Diana Shipping inc. has a 12-month low of $2.21 and a 12-month high of $6.20. The firm’s 50-day moving average is $3.99 and its 200-day moving average is $4.10.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.01. The business had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.41) earnings per share. Analysts predict that Diana Shipping inc. will post ($0.97) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP raised its position in shares of Diana Shipping inc. by 34.1% in the second quarter. Royce & Associates LP now owns 1,174,333 shares of the shipping company’s stock worth $4,768,000 after buying an additional 298,400 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Diana Shipping inc. by 16.9% in the second quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock worth $6,117,000 after buying an additional 218,059 shares in the last quarter. Hermes Investment Management Ltd. bought a new position in shares of Diana Shipping inc. during the second quarter worth $1,624,000. DnB Asset Management AS bought a new position in shares of Diana Shipping inc. during the second quarter worth $741,000. Finally, Ironwood Investment Management LLC raised its position in shares of Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares in the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.
About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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