Diana Shipping inc. (NYSE:DSX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “
DSX has been the topic of a number of other reports. Jefferies Group reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Tuesday, September 6th. Seaport Global Securities began coverage on shares of Diana Shipping inc. in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 target price on the stock. Deutsche Bank AG reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, September 28th. Finally, Clarkson Capital reissued a “neutral” rating on shares of Diana Shipping inc. in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.00.
Diana Shipping inc. (NYSE:DSX) opened at 2.76 on Thursday. The company’s market cap is $222.27 million. The stock has a 50 day moving average of $2.58 and a 200-day moving average of $2.64. Diana Shipping inc. has a 12 month low of $1.95 and a 12 month high of $7.29.
Diana Shipping inc. (NYSE:DSX) last posted 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. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The firm earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. During the same period in the prior year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was down 26.7% compared to the same quarter last year. Equities research analysts expect that Diana Shipping inc. will post ($1.65) EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kopernik Global Investors LLC raised 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 worth $10,357,000 after buying an additional 1,130,571 shares during the period. Emerald Acquisition Ltd. acquired a new position in Diana Shipping inc. during the second quarter worth $3,879,000. Royce & Associates LP raised its position in Diana Shipping inc. by 3.0% in the second quarter. Royce & Associates LP now owns 1,199,433 shares of the company’s stock worth $2,915,000 after buying an additional 35,000 shares during the period. Macquarie Group Ltd. raised its position in Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock worth $248,000 after buying an additional 21,750 shares during the period. Finally, Renaissance Technologies LLC raised its position in Diana Shipping inc. by 42.5% in the first quarter. Renaissance Technologies LLC now owns 412,400 shares of the company’s stock worth $1,101,000 after buying an additional 123,000 shares during the period. 45.18% 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 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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