Diana Shipping inc. (DSX) Stock Rating Upgraded by Pareto Securities
Pareto Securities upgraded shares of Diana Shipping inc. (NYSE:DSX) from a hold rating to a buy rating in a report released on Friday, The Fly reports.
A number of other brokerages have also issued reports on DSX. BidaskClub lowered shares of Diana Shipping inc. from a buy rating to a hold rating in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a hold rating and set a $5.25 target price on shares of Diana Shipping inc. in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Diana Shipping inc. from a hold rating to a buy rating and set a $4.00 target price on the stock in a research report on Monday, June 19th. ValuEngine lowered shares of Diana Shipping inc. from a hold rating to a sell rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co raised shares of Diana Shipping inc. from a neutral rating to an overweight rating in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $4.33.
Diana Shipping inc. (DSX) opened at 4.01 on Friday. Diana Shipping inc. has a one year low of $2.36 and a one year high of $6.20. The firm’s 50-day moving average is $3.98 and its 200 day moving average is $4.11. The firm’s market capitalization is $387.73 million.
Diana Shipping inc. (NYSE:DSX) last announced its earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.01. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The company had revenue of $37.75 million for the quarter, compared to the consensus estimate of $36.21 million. During the same period last year, the firm posted ($0.41) EPS. The company’s revenue was up 33.3% compared to the same quarter last year. Analysts forecast that Diana Shipping inc. will post ($0.97) EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the business. Ironwood Investment Management LLC increased its holdings in Diana Shipping inc. by 1.4% in the 1st quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock valued at $139,000 after buying an additional 426 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in Diana Shipping inc. by 10.2% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after buying an additional 4,500 shares during the period. State Street Corp increased its holdings in Diana Shipping inc. by 15.4% in the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after buying an additional 10,694 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Diana Shipping inc. by 1.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares during the period. Finally, Virtu KCG Holdings LLC bought a new stake in Diana Shipping inc. in the 2nd quarter valued at $180,000. 37.33% of the stock is currently owned by hedge funds and other institutional investors.
About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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