Pareto Securities downgraded shares of Diana Shipping inc. (NYSE:DSX) from a hold rating to a sell rating in a research report report published on Monday morning, The Fly reports.
DSX has been the topic of several other reports. Deutsche Bank AG upgraded shares of Diana Shipping inc. from a sell rating to a hold rating and lifted their price objective for the stock from $1.50 to $2.50 in a research report on Friday, August 26th. Jefferies Group restated a hold rating on shares of Diana Shipping inc. in a report on Tuesday, September 6th. Zacks Investment Research cut shares of Diana Shipping inc. from a hold rating to a sell rating in a report on Tuesday, September 27th. Seaport Global Securities started coverage on shares of Diana Shipping inc. in a report on Tuesday, August 2nd. They set a neutral rating and a $3.00 price target on the stock. Finally, Clarkson Capital restated a neutral rating on shares of Diana Shipping inc. in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $4.00.
Shares of Diana Shipping inc. (NYSE:DSX) traded down 0.3764% during mid-day trading on Monday, hitting $2.6201. The stock had a trading volume of 143,622 shares. Diana Shipping inc. has a 52 week low of $1.95 and a 52 week high of $7.29. The stock has a 50-day moving average price of $2.58 and a 200 day moving average price of $2.64. The stock’s market cap is $211.01 million.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.01. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The firm had revenue of $28.30 million for the quarter, compared to analysts’ expectations of $28.07 million. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, equities analysts forecast that Diana Shipping inc. will post ($1.65) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock valued at $248,000 after buying an additional 21,750 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Diana Shipping inc. by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,789,768 shares of the company’s stock valued at $4,349,000 after buying an additional 175,021 shares during the last quarter. State Street Corp raised its stake in Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock valued at $275,000 after buying an additional 2,490 shares during the last quarter. Ingalls & Snyder LLC acquired a new stake in Diana Shipping inc. during the second quarter valued at about $143,000. Finally, Kopernik Global Investors LLC raised its stake in Diana Shipping inc. by 36.1% in the second quarter. Kopernik Global Investors LLC now owns 4,261,540 shares of the company’s stock valued at $10,357,000 after buying an additional 1,130,571 shares during the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.
Diana Shipping inc. Company Profile
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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