Diana Containerships Sees Unusually-High Trading Volume Following Dividend Announcement (DCIX)
Shares of Diana Containerships (NASDAQ:DCIX) saw unusually-high trading volume on Tuesday following a dividend announcement from the company, ARN reports. Approximately 470,110 shares changed hands during trading, an increase of 161% from the previous session’s volume of 179,822 shares.The stock last traded at $4.17 and had previously closed at $4.00.
The newly announced dividend is scheduled for Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 15.00%.
Separately, analysts at Zacks downgraded shares of Diana Containerships from an “outperform” rating to a “neutral” rating in a research note on Monday, January 27th. They now have a $4.50 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.75.
The stock has a 50-day moving average of $4.01 and a 200-day moving average of $3.94. The company’s market cap is $142.0 million.
Diana Containerships (NASDAQ:DCIX) last announced its earnings results on Monday, February 17th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.59. During the same quarter in the previous year, the company posted $0.01 earnings per share. Analysts expect that Diana Containerships will post $-0.03 EPS for the current fiscal year.
Diana Containerships Inc owns and operates containerships. As at February 23, 2012, its fleet consisted of eight containerships, including three containerships delivered to the Company, in February 2012, with a combined carrying capacity of 32,693 twenty-foot equivalent units and a weighted average age of 14.