Diana Shipping inc. (NYSE:DSX) Receives Average Recommendation of “Hold” from Analysts
Shares of Diana Shipping inc. (NYSE:DSX) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.33.
DSX has been the topic of several recent analyst reports. Jefferies Group set a $3.00 price target on Diana Shipping inc. and gave the company a “hold” rating in a research report on Wednesday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, September 28th. Clarkson Capital reaffirmed a “neutral” rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Seaport Global Securities began coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 target price on the stock. Finally, Zacks Investment Research lowered Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th.
Shares of Diana Shipping inc. (NYSE:DSX) traded down 2.92% during trading on Tuesday, hitting $2.66. The company’s stock had a trading volume of 122,151 shares. The company’s market capitalization is $214.22 million. Diana Shipping inc. has a 1-year low of $1.95 and a 1-year high of $7.29. The firm’s 50 day moving average is $2.56 and its 200-day moving average is $2.63.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.01. The business had revenue of $28.30 million for the quarter, compared to analyst estimates of $28.07 million. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. Analysts forecast that Diana Shipping inc. will post ($1.65) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its position in shares of Diana Shipping inc. by 28.8% in the first quarter. Franklin Resources Inc. now owns 14,202,220 shares of the company’s stock worth $37,920,000 after buying an additional 3,179,638 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Diana Shipping inc. during the second quarter worth approximately $3,879,000. Kopernik Global Investors LLC raised its position in shares of 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 in the last quarter. Chartwell Investment Partners LLC bought a new position in shares of Diana Shipping inc. during the second quarter worth approximately $1,941,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Diana Shipping inc. by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,789,768 shares of the company’s stock worth $4,349,000 after buying an additional 175,021 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.
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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