Diana Shipping inc. (DSX) Downgraded to Sell at Pareto Securities
Diana Shipping inc. (NYSE:DSX) was downgraded by analysts at Pareto Securities from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, The Fly reports.
Other analysts have also issued research reports about the stock. Jefferies Group set a $3.00 price target on shares of Diana Shipping inc. and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Deutsche Bank AG restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, September 28th. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Thursday. Clarkson Capital restated a “neutral” rating on shares of Diana Shipping inc. in a research note on Friday, September 23rd. Finally, Seaport Global Securities initiated coverage on shares of Diana Shipping inc. in a research note on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.00.
Diana Shipping inc. (NYSE:DSX) opened at 2.76 on Monday. The stock’s market cap is $222.27 million. Diana Shipping inc. has a 12 month low of $1.95 and a 12 month high of $7.29. The firm’s 50-day moving average is $2.58 and its 200-day moving average is $2.64.
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Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. The company earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. On average, equities analysts forecast that Diana Shipping inc. will post ($1.65) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Assetmark acquired a new position in Diana Shipping inc. during the third quarter worth approximately $0. Beacon Capital Management acquired a new position in Diana Shipping inc. during the fourth quarter worth approximately $0. Russell Frank Co increased its position in Diana Shipping inc. by 142.5% in the fourth quarter. Russell Frank Co now owns 995,201 shares of the company’s stock worth $4,069,000 after buying an additional 584,819 shares in the last quarter. Kopernik Global Investors LLC increased its position in Diana Shipping inc. by 87.8% in the fourth quarter. Kopernik Global Investors LLC now owns 2,699,879 shares of the company’s stock worth $11,743,000 after buying an additional 1,262,210 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in Diana Shipping inc. by 55.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,759,625 shares of the company’s stock worth $12,004,000 after buying an additional 989,075 shares in the last quarter. 45.18% of the stock is owned by hedge funds and other institutional investors.
About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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