Diana Shipping inc. (NYSE:DSX) was downgraded by Pareto Securities from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, The Fly reports.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Clarkson Capital reiterated a “neutral” rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Deutsche Bank AG reiterated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, September 28th. Jefferies Group restated a “hold” rating on shares of Diana Shipping inc. in a report on Monday, September 12th. Finally, Seaport Global Securities began coverage on shares of Diana Shipping inc. in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.00.
Shares of Diana Shipping inc. (NYSE:DSX) opened at 2.59 on Monday. The company’s market cap is $208.58 million. The firm’s 50-day moving average is $2.59 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 $7.17.
Diana Shipping inc. (NYSE:DSX) last issued 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 net margin of 75.27% and a negative return on equity of 8.54%. The business had revenue of $28.30 million for the quarter, compared to the consensus estimate of $28.07 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The firm’s revenue was down 26.7% on a year-over-year basis. Equities research analysts predict that Diana Shipping inc. will post ($1.65) earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Gruss & Co. Inc. acquired a new stake in shares of Diana Shipping inc. during the second quarter worth approximately $122,000. Ingalls & Snyder LLC acquired a new stake in shares of Diana Shipping inc. during the second quarter worth approximately $143,000. California Public Employees Retirement System raised its stake in shares of Diana Shipping inc. by 97.5% in the second quarter. California Public Employees Retirement System now owns 93,200 shares of the company’s stock worth $226,000 after buying an additional 46,000 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock worth $248,000 after buying an additional 21,750 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock worth $275,000 after buying an additional 2,490 shares during the last quarter. 45.18% of the stock is owned by institutional investors.
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.
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