Diana Shipping inc. (DSX) Rating Lowered to Hold at Zacks Investment Research

Diana Shipping inc. (NYSE:DSX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “

Several other research firms have also recently issued reports on DSX. BidaskClub upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 4th. Stifel Nicolaus set a $5.00 price objective on shares of Diana Shipping inc. and gave the stock a “hold” rating in a research report on Sunday. ValuEngine cut shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $4.50 price objective on shares of Diana Shipping inc. in a research report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.33.

Diana Shipping inc. (NYSE DSX) opened at 4.08 on Monday. The company’s 50-day moving average is $3.97 and its 200 day moving average is $4.02. The company’s market capitalization is $394.50 million. Diana Shipping inc. has a one year low of $2.36 and a one year high of $6.20.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. During the same quarter in the previous year, the business posted ($0.41) earnings per share. Diana Shipping inc.’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities analysts anticipate that Diana Shipping inc. will post ($0.96) earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its position in shares of Diana Shipping inc. by 15.4% during the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 10,694 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Diana Shipping inc. by 33.1% during the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 76,650 shares during the last quarter. Stifel Financial Corp increased its position in shares of Diana Shipping inc. by 16.6% during the second quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock valued at $13,569,000 after acquiring an additional 476,967 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Diana Shipping inc. during the second quarter valued at about $180,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Diana Shipping inc. by 10.2% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 37.31% 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).

Analyst Recommendations for Diana Shipping inc. (NYSE:DSX)

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