BidaskClub lowered shares of Diana Shipping inc. (NYSE:DSX) from a hold rating to a sell rating in a report released on Sunday, July 30th.
Several other brokerages have also recently weighed in on DSX. J P Morgan Chase & Co raised shares of Diana Shipping inc. from a neutral rating to an overweight rating and set a $8.00 target price on the stock in a report on Friday, April 7th. Zacks Investment Research raised shares of Diana Shipping inc. from a hold rating to a buy rating and set a $6.25 target price on the stock in a report on Tuesday, April 18th. Jefferies Group LLC raised their target price on shares of Diana Shipping inc. from $3.50 to $5.00 and gave the company a hold rating in a report on Monday, April 24th. Credit Suisse Group set a $3.00 target price on shares of Diana Shipping inc. and gave the company a hold rating in a report on Saturday, April 22nd. Finally, Stifel Nicolaus reiterated a hold rating and issued a $5.25 price target on shares of Diana Shipping inc. in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $4.07.
Shares of Diana Shipping inc. (NYSE DSX) traded up 0.884% during midday trading on Friday, reaching $3.995. 186,825 shares of the company were exchanged. The firm’s market capitalization is $386.28 million. The firm has a 50-day moving average of $3.99 and a 200 day moving average of $4.10. Diana Shipping inc. has a 52 week low of $2.21 and a 52 week high of $6.20.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results 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. The business had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) EPS. On average, equities research analysts expect that Diana Shipping inc. will post ($0.97) EPS for the current year.
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Several hedge funds have recently modified their holdings of DSX. State Street Corp boosted its stake in shares of Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after buying an additional 10,694 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Diana Shipping inc. by 33.1% in the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after buying an additional 76,650 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Diana Shipping inc. by 16.6% in the second quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock worth $13,569,000 after buying an additional 476,967 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Diana Shipping inc. during the second quarter worth about $180,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after buying an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.
Diana Shipping inc. Company Profile
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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