Shares of Diana Shipping inc. (NYSE:DSX) have been given an average rating of “Hold” by the nine research firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.33.
A number of research analysts have recently commented on the company. Jefferies Group reissued a “hold” rating on shares of Diana Shipping inc. in a report on Tuesday, September 6th. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Thursday. Seaport Global Securities initiated coverage on Diana Shipping inc. in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 target price on the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, September 28th. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Diana Shipping inc. in a report on Friday, September 23rd.
Shares of Diana Shipping inc. (NYSE:DSX) opened at 2.76 on Tuesday. The company’s 50 day moving average price is $2.58 and its 200 day moving average price is $2.64. The firm’s market capitalization is $222.27 million. Diana Shipping inc. has a 52-week low of $1.95 and a 52-week high of $7.29.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.01. The company had revenue of $28.30 million for the quarter, compared to analyst estimates of $28.07 million. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The business’s revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) EPS. Analysts forecast that Diana Shipping inc. will post ($1.65) earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of Diana Shipping inc. by 28.8% in the first quarter. Franklin Resources Inc. now owns 14,202,220 shares of the company’s stock worth $37,920,000 after buying an additional 3,179,638 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Diana Shipping inc. during the second quarter valued at approximately $3,879,000. Kopernik Global Investors LLC increased its position 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 period. Chartwell Investment Partners LLC bought a new position in Diana Shipping inc. during the second quarter valued at approximately $1,941,000. Finally, Parametric Portfolio Associates LLC increased its position 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 period. Institutional investors own 45.18% of the company’s stock.
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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