BidaskClub lowered shares of Diana Shipping inc. (NYSE:DSX) from a buy rating to a hold rating in a research report report published on Monday, July 24th.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Diana Shipping inc. from a buy rating to a hold rating in a report on Thursday, July 20th. Stifel Nicolaus reiterated a hold rating and issued a $5.25 price target on shares of Diana Shipping inc. in a report on Wednesday, July 19th. J P Morgan Chase & Co upgraded Diana Shipping inc. from a neutral rating to an overweight rating in a report on Tuesday, July 4th. Finally, ValuEngine upgraded Diana Shipping inc. from a sell rating to a hold rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $4.07.
Diana Shipping inc. (DSX) opened at 3.97 on Monday. The stock’s market cap is $383.86 million. The company has a 50-day moving average of $3.99 and a 200 day moving average of $4.10. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.01. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The business had revenue of $37.75 million for the quarter, compared to analysts’ expectations of $36.21 million. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Diana Shipping inc.’s revenue for the quarter was up 33.3% compared to the same quarter last year. Analysts predict that Diana Shipping inc. will post ($0.97) EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ironwood Investment Management LLC raised its position in 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. Virtu KCG Holdings LLC bought a new position in Diana Shipping inc. during the second quarter worth about $180,000. Edmond DE Rothschild Holding S.A. raised its position in Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after buying an additional 4,500 shares in the last quarter. State Street Corp raised its position in Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after buying an additional 10,694 shares in the last quarter. Finally, Horseman Capital Management Ltd bought a new position in Diana Shipping inc. during the first quarter worth about $469,000. Institutional investors and hedge funds own 34.73% of the company’s stock.
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).
Receive News & Ratings for Diana Shipping inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping inc. and related companies with MarketBeat.com's FREE daily email newsletter.