Diana Shipping inc. (DSX) Upgraded to Hold by Zacks Investment Research
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. “
Other analysts also recently issued research reports about the stock. Deutsche Bank AG reissued a hold rating on shares of Diana Shipping inc. in a research report on Wednesday, September 28th. Jefferies Group reissued a hold rating on shares of Diana Shipping inc. in a research report on Monday, September 12th. Clarkson Capital reissued a neutral rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Finally, Seaport Global Securities assumed coverage on shares of Diana Shipping inc. in a report on Tuesday, August 2nd. They issued a neutral rating and a $3.00 price objective on the stock. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $4.00.
Shares of Diana Shipping inc. (NYSE:DSX) traded down 1.978% during mid-day trading on Thursday, reaching $2.725. 173,245 shares of the company’s stock were exchanged. Diana Shipping inc. has a 1-year low of $1.95 and a 1-year high of $7.29. The company’s 50 day moving average is $2.57 and its 200 day moving average is $2.64. The stock’s market capitalization is $219.46 million.
Diana Shipping inc. (NYSE:DSX) last released its 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 company had revenue of $28.30 million for the quarter, compared to analysts’ expectations of $28.07 million. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) EPS. Equities research analysts anticipate that Diana Shipping inc. will post ($1.65) EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Kopernik Global Investors LLC raised its stake 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 valued at $10,357,000 after buying an additional 1,130,571 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Diana Shipping inc. during the second quarter valued at approximately $3,879,000. Royce & Associates LP raised its stake in shares of Diana Shipping inc. by 3.0% in the second quarter. Royce & Associates LP now owns 1,199,433 shares of the company’s stock valued at $2,915,000 after buying an additional 35,000 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock valued at $248,000 after buying an additional 21,750 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Diana Shipping inc. by 42.5% in the first quarter. Renaissance Technologies LLC now owns 412,400 shares of the company’s stock valued at $1,101,000 after buying an additional 123,000 shares in the last quarter. 45.18% of the stock is currently owned by 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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