Pareto Securities Lowers Diana Shipping inc. (DSX) to Sell
Diana Shipping inc. (NYSE:DSX) was downgraded by stock analysts at Pareto Securities from a “hold” rating to a “sell” rating in a research report issued on Monday, The Fly reports.
Several other research analysts also recently issued reports on DSX. Jefferies Group reiterated a “hold” rating and set a $2.50 price target on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Seaport Global Securities initiated coverage on shares of Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Deutsche Bank AG upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating and upped their price target for the stock from $1.50 to $2.50 in a research report on Friday, August 26th. Zacks Investment Research downgraded shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.00.
Diana Shipping inc. (NYSE:DSX) opened at 2.76 on Monday. Diana Shipping inc. has a 52-week low of $1.95 and a 52-week high of $7.29. The stock has a 50 day moving average of $2.58 and a 200 day moving average of $2.64. The stock’s market capitalization is $222.27 million.
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Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.01. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The firm earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. During the same period in the previous year, the company posted ($0.19) EPS. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, equities research analysts forecast that Diana Shipping inc. will post ($1.65) EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Franklin Resources Inc. boosted its stake in shares of Diana Shipping inc. by 28.8% in the first quarter. Franklin Resources Inc. now owns 14,202,220 shares of the company’s stock worth $37,920,000 after buying an additional 3,179,638 shares during the period. Kopernik Global Investors LLC boosted its stake in shares of Diana Shipping inc. by 36.1% in the second quarter. Kopernik Global Investors LLC now owns 4,261,540 shares of the company’s stock worth $10,357,000 after buying an additional 1,130,571 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Diana Shipping inc. by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,789,768 shares of the company’s stock worth $4,349,000 after buying an additional 175,021 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Diana Shipping inc. during the second quarter worth approximately $3,879,000. Finally, Royce & Associates LP boosted its stake in shares of Diana Shipping inc. by 3.0% in the second quarter. Royce & Associates LP now owns 1,199,433 shares of the company’s stock worth $2,915,000 after buying an additional 35,000 shares during the period. Institutional investors own 45.18% of the company’s stock.
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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