DNB Asset Management AS boosted its position in shares of Diana Shipping Inc (NYSE:DSX) by 37.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,521 shares of the shipping company’s stock after acquiring an additional 50,000 shares during the period. DNB Asset Management AS’s holdings in Diana Shipping were worth $756,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. 683 Capital Management LLC acquired a new position in Diana Shipping during the 2nd quarter worth $2,109,000. Millennium Management LLC lifted its position in Diana Shipping by 149.1% during the 2nd quarter. Millennium Management LLC now owns 886,458 shares of the shipping company’s stock worth $4,264,000 after acquiring an additional 530,571 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Diana Shipping during the 2nd quarter worth $213,000. A.R.T. Advisors LLC lifted its position in Diana Shipping by 40.9% during the 1st quarter. A.R.T. Advisors LLC now owns 154,815 shares of the shipping company’s stock worth $566,000 after acquiring an additional 44,927 shares during the last quarter. Finally, UBS Group AG lifted its position in Diana Shipping by 329.5% during the 1st quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock worth $1,134,000 after acquiring an additional 237,727 shares during the last quarter. 37.41% of the stock is owned by hedge funds and other institutional investors.
DSX has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Tuesday, August 14th. Morgan Stanley upped their price objective on shares of Diana Shipping from $4.00 to $4.50 and gave the company a “$4.41” rating in a research report on Monday, July 23rd. Finally, ValuEngine raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.82.
Diana Shipping Company Profile
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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