BidaskClub cut shares of Diana Shipping inc. (NYSE:DSX) from a hold rating to a sell rating in a research note released on Sunday, July 30th.
Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group set a $3.00 price target on shares of Diana Shipping inc. and gave the company a hold rating in a research report on Saturday, April 22nd. Zacks Investment Research cut shares of Diana Shipping inc. from a buy rating to a hold rating in a research report on Thursday, July 20th. Jefferies Group LLC dropped their price target on shares of Diana Shipping inc. from $5.00 to $4.50 and set a hold rating on the stock in a research report on Thursday, May 25th. Stifel Nicolaus reaffirmed a hold rating and issued a $5.25 price target on shares of Diana Shipping inc. in a research report on Wednesday, July 19th. Finally, ValuEngine raised shares of Diana Shipping inc. from a sell rating to a hold rating in a research report on Tuesday, June 13th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $4.07.
Shares of Diana Shipping inc. (NYSE DSX) traded down 0.25% during mid-day trading on Friday, hitting $4.00. The stock had a trading volume of 402,987 shares. The company’s market cap is $386.76 million. The firm’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.11. 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 announced its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.01. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The business had revenue of $37.75 million during the quarter, compared to the consensus estimate of $36.21 million. During the same period in the previous year, the business posted ($0.41) EPS. Diana Shipping inc.’s revenue was up 33.3% compared to the same quarter last year. Analysts predict that Diana Shipping inc. will post ($0.96) earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of DSX. Renaissance Technologies LLC raised its stake in shares of Diana Shipping inc. by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock valued at $2,816,000 after buying an additional 79,500 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock valued at $528,000 after buying an additional 50,900 shares during the last quarter. Horseman Capital Management Ltd bought a new stake in shares of Diana Shipping inc. during the first quarter valued at about $469,000. Parametric Portfolio Associates LLC raised its stake in shares of Diana Shipping inc. by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares during the last quarter. Finally, Phoenix Investment Adviser LLC raised its stake in shares of Diana Shipping inc. by 11.2% in the first quarter. Phoenix Investment Adviser LLC now owns 199,201 shares of the shipping company’s stock valued at $920,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 34.55% 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).
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