Separately, Zacks Investment Research raised shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Friday, October 18th.
DSX stock opened at $3.32 on Tuesday. Diana Shipping has a one year low of $2.41 and a one year high of $4.15. The stock has a market cap of $336.69 million, a PE ratio of 33.20 and a beta of 0.92. The firm has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $3.41.
Hedge funds have recently added to or reduced their stakes in the business. Cutler Group LP grew its stake in Diana Shipping by 14,300.0% in the 3rd quarter. Cutler Group LP now owns 14,400 shares of the shipping company’s stock worth $48,000 after buying an additional 14,300 shares in the last quarter. Acadian Asset Management LLC grew its stake in Diana Shipping by 126.3% in the 2nd quarter. Acadian Asset Management LLC now owns 23,377 shares of the shipping company’s stock worth $77,000 after buying an additional 13,048 shares in the last quarter. Bank of Montreal Can purchased a new position in Diana Shipping in the 2nd quarter worth approximately $181,000. California Public Employees Retirement System grew its stake in Diana Shipping by 22.3% in the 3rd quarter. California Public Employees Retirement System now owns 76,899 shares of the shipping company’s stock worth $260,000 after buying an additional 14,000 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Diana Shipping by 178.9% in the 3rd quarter. Millennium Management LLC now owns 91,669 shares of the shipping company’s stock worth $309,000 after buying an additional 58,804 shares in the last quarter. 32.79% of the stock is owned by institutional investors and hedge funds.
Diana Shipping Company Profile
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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