Several other analysts have also recently issued reports on the company. Seaport Global Securities started 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. Zacks Investment Research lowered Diana Shipping inc. from a hold rating to a sell rating in a research note on Tuesday, September 27th. Finally, Jefferies Group set a $3.00 price target on Diana Shipping inc. and gave the company a hold rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $4.00.
Diana Shipping inc. (NYSE:DSX) opened at 2.62 on Wednesday. The stock’s 50 day moving average price is $2.55 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 $7.29. The stock’s market capitalization is $211.00 million.
Diana Shipping inc. (NYSE:DSX) last released its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $28.30 million for the quarter, compared to analysts’ expectations of $28.07 million. During the same quarter in the prior year, the business posted ($0.19) EPS. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, equities research analysts predict that Diana Shipping inc. will post ($1.65) earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of DSX. Franklin Resources Inc. raised its stake in Diana Shipping inc. by 28.8% in the first quarter. Franklin Resources Inc. now owns 14,202,220 shares of the company’s stock valued at $37,920,000 after buying an additional 3,179,638 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Diana Shipping inc. during the second quarter valued at about $3,879,000. Kopernik Global Investors LLC raised its stake 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 last quarter. Chartwell Investment Partners LLC bought a new stake in Diana Shipping inc. during the second quarter valued at about $1,941,000. Finally, Parametric Portfolio Associates LLC raised its stake 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 last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.
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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