Diana Shipping inc. (NYSE:DSX) was downgraded by analysts at Pareto Securities from a “hold” rating to a “sell” rating in a research note issued on Monday.

DSX has been the topic of a number of other reports. Deutsche Bank AG upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating and boosted their price target for the stock from $1.50 to $2.50 in a research report on Friday, August 26th. Jefferies Group restated a “hold” rating on shares of Diana Shipping inc. in a research report on Tuesday, September 6th. Zacks Investment Research downgraded shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Seaport Global Securities started coverage on shares of Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Finally, Clarkson Capital restated a “neutral” rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Diana Shipping inc. presently has a consensus rating of “Hold” and an average target price of $4.00.

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

Diana Shipping inc. (NYSE:DSX) opened at 2.76 on Monday. The company’s 50 day moving average is $2.58 and its 200 day moving average is $2.64. Diana Shipping inc. has a 52 week low of $1.95 and a 52 week high of $7.29. The stock’s market cap is $222.27 million.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The company had revenue of $28.30 million for the quarter, compared to the consensus estimate of $28.07 million. During the same quarter last year, the firm posted ($0.19) earnings per share. The firm’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities analysts predict that Diana Shipping inc. will post ($1.65) earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Macquarie Group Ltd. increased its position in 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 during the period. Parametric Portfolio Associates LLC increased its position in 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 valued at $4,349,000 after buying an additional 175,021 shares during the period. State Street Corp increased its position in Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock valued at $275,000 after buying an additional 2,490 shares during the period. Ingalls & Snyder LLC purchased a new position in Diana Shipping inc. during the second quarter valued at $143,000. Finally, Kopernik Global Investors LLC increased its position in 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 period. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping inc. Company Profile

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.

5 Day Chart for NYSE:DSX

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