Other equities analysts also recently issued research reports about the stock. Jefferies Group set a $3.00 price objective on shares of Diana Shipping inc. and gave the company a hold rating in a research note on Wednesday, July 27th. Deutsche Bank AG reissued a hold rating on shares of Diana Shipping inc. in a research note on Wednesday. Seaport Global Securities started coverage on shares of Diana Shipping inc. in a research note on Tuesday, August 2nd. They issued a neutral rating and a $3.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Diana Shipping inc. from a hold rating to a sell rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has an average rating of Hold and an average target price of $4.00.
Diana Shipping inc. (NYSE:DSX) traded down 0.72% on Friday, hitting $2.77. 129,694 shares of the stock were exchanged. The company’s market capitalization is $223.08 million. Diana Shipping inc. has a 1-year low of $1.95 and a 1-year high of $7.29. The company has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.63.
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 Thomson Reuters’ consensus estimate of ($0.40) by $0.01. The company earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. Diana Shipping inc.’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.19) EPS. Analysts anticipate that Diana Shipping inc. will post ($1.65) EPS for the current fiscal year.
Several large investors have recently bought and sold shares of DSX. Gruss & Co. Inc. purchased a new stake in Diana Shipping inc. during the second quarter valued at $122,000. Ingalls & Snyder LLC purchased a new stake in Diana Shipping inc. during the second quarter valued at $143,000. California Public Employees Retirement System boosted its stake in Diana Shipping inc. by 97.5% in the second quarter. California Public Employees Retirement System now owns 93,200 shares of the company’s stock valued at $226,000 after buying an additional 46,000 shares during the period. Macquarie Group Ltd. boosted 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 period. Finally, State Street Corp boosted 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 period. Institutional investors own 45.18% of the company’s stock.
About Diana Shipping inc.
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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