Zacks Investment Research downgraded shares of Diana Shipping inc. (NYSE:DSX) from a hold rating to a sell rating in a report issued on Monday.
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. “
DSX has been the topic of a number of other research reports. Jefferies Group LLC reduced their price objective on Diana Shipping inc. from $5.00 to $4.50 and set a hold rating on the stock in a research report on Thursday, May 25th. ValuEngine upgraded Diana Shipping inc. from a sell rating to a hold rating in a research report on Tuesday, June 13th. Stifel Nicolaus reiterated a hold rating and set a $5.25 price objective on shares of Diana Shipping inc. in a research report on Friday, May 26th. BidaskClub downgraded Diana Shipping inc. from a hold rating to a sell rating in a research report on Sunday, July 30th. Finally, Credit Suisse Group set a $3.00 price objective on Diana Shipping inc. and gave the stock a hold rating in a research report on Saturday, April 22nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $4.07.
Diana Shipping inc. (DSX) traded up 1.671% on Monday, reaching $3.955. The company had a trading volume of 383,847 shares. The stock’s market capitalization is $382.41 million. The stock’s 50 day moving average is $3.91 and its 200-day moving average is $4.11. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20.
Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) 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 analysts’ expectations of $36.21 million. During the same quarter in the previous year, the business posted ($0.41) EPS. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. On average, equities analysts predict that Diana Shipping inc. will post ($0.96) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Hosking Partners LLP increased its stake in Diana Shipping inc. by 57.1% in the first quarter. Hosking Partners LLP now owns 2,253,848 shares of the shipping company’s stock worth $10,413,000 after buying an additional 819,219 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Diana Shipping inc. by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock worth $7,900,000 after buying an additional 32,397 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Diana Shipping inc. by 16.9% in the second quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock worth $6,117,000 after buying an additional 218,059 shares in the last quarter. Renaissance Technologies LLC increased its stake in Diana Shipping inc. by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock worth $2,816,000 after buying an additional 79,500 shares in the last quarter. Finally, Hermes Investment Management Ltd. acquired a new stake in Diana Shipping inc. during the second quarter worth approximately $1,624,000. Institutional investors own 34.54% of the company’s stock.
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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