Diana Shipping inc. (DSX) Receives Consensus Rating of “Hold” from Analysts

Shares of Diana Shipping inc. (NYSE:DSX) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.25.

DSX has been the subject of several research analyst reports. BidaskClub raised Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research raised Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Tuesday, July 11th. Pareto Securities raised Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $5.25 target price on shares of Diana Shipping inc. in a research note on Friday, May 26th.

Shares of Diana Shipping inc. (NYSE DSX) traded down 1.75% during midday trading on Tuesday, reaching $3.94. 606,613 shares of the company’s stock were exchanged. The company’s 50 day moving average is $3.98 and its 200-day moving average is $4.11. Diana Shipping inc. has a 12 month low of $2.36 and a 12 month high of $6.20. The stock’s market cap is $380.96 million.

Diana Shipping inc. (NYSE:DSX) last issued its earnings results on Wednesday, July 26th. The shipping company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The business had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS. Equities analysts forecast that Diana Shipping inc. will post ($0.97) EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after buying an additional 10,694 shares during the period. Macquarie Group Ltd. increased its stake in shares of Diana Shipping inc. by 33.1% in the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after buying an additional 76,650 shares during the period. Stifel Financial Corp increased its stake in shares of Diana Shipping inc. by 16.6% in the second quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock valued at $13,569,000 after buying an additional 476,967 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Diana Shipping inc. in the second quarter valued at approximately $180,000. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after buying an additional 4,500 shares during the period. 37.33% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Diana Shipping inc. (NYSE:DSX)

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