Diana Containerships Inc. (NASDAQ:DCIX) Hits New 1-Year Low at $0.44

Diana Containerships Inc. (NASDAQ:DCIX)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.44 and last traded at $0.44, with a volume of 1,033,021 shares. The stock had previously closed at $0.52.

Separately, Zacks Investment Research cut Diana Containerships from a “buy” rating to a “hold” rating in a report on Monday, April 17th.

The firm’s 50-day moving average is $8.60 and its 200 day moving average is $50.91. The company’s market capitalization is $118047.20.

Diana Containerships (NASDAQ:DCIX) last announced its quarterly earnings data on Tuesday, July 25th. The shipping company reported ($19.62) earnings per share for the quarter, beating the consensus estimate of ($35.28) by $15.66. Diana Containerships had a negative net margin of 467.42% and a negative return on equity of 27.46%. The firm had revenue of $5.50 million for the quarter, compared to analyst estimates of $6.80 million. During the same quarter in the prior year, the business earned ($5.28) earnings per share. The business’s quarterly revenue was down 31.3% compared to the same quarter last year. On average, equities analysts expect that Diana Containerships Inc. will post ($135.66) earnings per share for the current fiscal year.

In other news, insider Gyllenhammar Ab Peter sold 350,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $0.23, for a total transaction of $80,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently raised its stake in Diana Containerships stock. KCG Holdings Inc. raised its stake in Diana Containerships Inc. (NASDAQ:DCIX) by 213.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,285 shares of the shipping company’s stock after buying an additional 128,930 shares during the period. KCG Holdings Inc. owned about 2.02% of Diana Containerships worth $246,000 as of its most recent SEC filing. Institutional investors own 29.95% of the company’s stock.

About Diana Containerships

Diana Containerships Inc is a holding company. The Company, through its subsidiaries, is engaged in the ownership of containerships. As of December 31, 2016, the Company’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU).