Diana Containerships Inc. (NASDAQ:DCIX) Sets New 52-Week Low Following Insider Selling
Diana Containerships Inc. (NASDAQ:DCIX) reached a new 52-week low during trading on Wednesday following insider selling activity. The company traded as low as $0.24 and last traded at $0.24, with a volume of 8,768,070 shares changing hands. The stock had previously closed at $0.46.
Specifically, insider Gyllenhammar Ab Peter sold 350,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $0.23, for a total value of $80,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Separately, Zacks Investment Research downgraded shares of Diana Containerships from a “buy” rating to a “hold” rating in a research note on Monday, April 17th.
The company has a 50-day moving average price of $8.60 and a 200 day moving average price of $50.91. The firm’s market capitalization is $127264.00.
Diana Containerships (NASDAQ:DCIX) last issued its quarterly earnings results on Tuesday, July 25th. The shipping company reported ($19.62) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($35.28) by $15.66. Diana Containerships had a negative net margin of 467.42% and a negative return on equity of 27.46%. The company had revenue of $5.50 million during the quarter, compared to analysts’ expectations of $6.80 million. During the same quarter last year, the company posted ($5.28) EPS. The firm’s revenue was down 31.3% compared to the same quarter last year. On average, analysts forecast that Diana Containerships Inc. will post ($135.66) EPS for the current fiscal year.
A hedge fund recently raised its stake in Diana Containerships stock. KCG Holdings Inc. boosted its position in shares of Diana Containerships Inc. (NASDAQ:DCIX) by 213.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,285 shares of the shipping company’s stock after buying an additional 128,930 shares during the period. KCG Holdings Inc. owned 2.02% of Diana Containerships worth $246,000 at the end of the most recent quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.
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About Diana Containerships
Diana Containerships Inc is a holding company. The Company, through its subsidiaries, is engaged in the ownership of containerships. As of December 31, 2016, the Company’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU).
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