Diana Shipping inc. (NYSE:DSX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Several other brokerages have also weighed in on DSX. Deutsche Bank AG reissued a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, September 28th. Jefferies Group set a $3.00 price objective on Diana Shipping inc. and gave the stock a “hold” rating in a report on Wednesday, July 27th. Clarkson Capital restated a “neutral” rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Pareto Securities downgraded Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Monday, October 10th. Finally, Seaport Global Securities initiated coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Diana Shipping inc. presently has an average rating of “Hold” and an average price target of $2.85.

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

Diana Shipping inc. (NYSE:DSX) traded down 5.00% on Tuesday, hitting $3.23. The stock had a trading volume of 1,190,864 shares. The firm’s market cap is $260.12 million. The firm’s 50-day moving average price is $2.80 and its 200-day moving average price is $2.63. Diana Shipping inc. has a 1-year low of $1.95 and a 1-year high of $5.01.

Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings data on Thursday, November 17th. The company reported ($0.99) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.58. Diana Shipping inc. had a negative return on equity of 14.09% and a negative net margin of 131.28%. The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $28.01 million. During the same period in the previous year, the business posted ($0.24) EPS. Diana Shipping inc.’s revenue for the quarter was down 30.3% compared to the same quarter last year. On average, equities research analysts predict that Diana Shipping inc. will post ($1.69) earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Credit Suisse AG increased its position in shares of Diana Shipping inc. by 33.0% in the third quarter. Credit Suisse AG now owns 70,931 shares of the company’s stock valued at $185,000 after buying an additional 17,611 shares during the last quarter. UBS Oconnor LLC acquired a new position in shares of Diana Shipping inc. during the third quarter valued at about $2,148,000. KCG Holdings Inc. acquired a new position in shares of Diana Shipping inc. during the third quarter valued at about $103,000. Timber Hill LLC increased its position in shares of Diana Shipping inc. by 31.9% in the third quarter. Timber Hill LLC now owns 52,925 shares of the company’s stock valued at $139,000 after buying an additional 12,800 shares during the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new position in shares of Diana Shipping inc. during the third quarter valued at about $376,000. Hedge funds and other institutional investors own 45.10% of the company’s stock.

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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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