Shares of Diana Shipping inc. (NYSE:DSX) have received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.38.
Several equities research analysts have recently weighed in on DSX shares. Pareto Securities raised Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Stifel Nicolaus set a $5.00 price target on Diana Shipping inc. and gave the company a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research cut Diana Shipping inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. BidaskClub raised Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $4.50 price target on shares of Diana Shipping inc. in a research note on Thursday, September 7th.
Shares of Diana Shipping inc. (NYSE DSX) traded up $0.47 during trading on Wednesday, reaching $4.41. The company had a trading volume of 2,300,252 shares, compared to its average volume of 630,298. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Diana Shipping inc. by 15.4% during the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after purchasing an additional 10,694 shares during the period. Macquarie Group Ltd. grew its stake in Diana Shipping inc. by 33.1% during the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after purchasing an additional 76,650 shares during the period. Stifel Financial Corp grew its stake in 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 worth $13,569,000 after purchasing an additional 476,967 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Diana Shipping inc. during the second quarter worth approximately $180,000. Finally, Edmond DE Rothschild Holding S.A. grew its stake in 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 worth $198,000 after purchasing an additional 4,500 shares during the period. 37.19% of the stock is owned by institutional investors and hedge funds.
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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