Diana Shipping inc. (DSX) Rating Lowered to Hold at Zacks Investment Research
Diana Shipping inc. (NYSE:DSX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “
A number of other equities research analysts have also commented on DSX. ValuEngine raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reissued a “hold” rating and set a $5.25 price objective on shares of Diana Shipping inc. in a report on Friday, May 26th. Jefferies Group LLC decreased their price objective on shares of Diana Shipping inc. from $5.00 to $4.50 and set a “hold” rating on the stock in a report on Thursday, May 25th. Credit Suisse Group set a $3.00 price objective on shares of Diana Shipping inc. and gave the stock a “hold” rating in a report on Saturday, April 22nd. Finally, J P Morgan Chase & Co raised shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating and set a $8.00 price objective on the stock in a report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.32.
Shares of Diana Shipping inc. (NYSE:DSX) traded up 0.52% during mid-day trading on Tuesday, hitting $3.90. 1,270,092 shares of the stock were exchanged. Diana Shipping inc. has a 1-year low of $2.11 and a 1-year high of $6.20. The company’s 50-day moving average is $3.80 and its 200-day moving average is $3.96. The firm’s market cap is $316.89 million.
Diana Shipping inc. (NYSE:DSX) last announced its earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The business had revenue of $31.30 million during the quarter, compared to analysts’ expectations of $28.69 million. Diana Shipping inc. had a negative net margin of 138.84% and a negative return on equity of 15.25%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.41) EPS. Equities research analysts anticipate that Diana Shipping inc. will post ($1.00) earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of DSX. Ironwood Investment Management LLC raised its stake in shares of Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Diana Shipping inc. during the first quarter worth approximately $167,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Diana Shipping inc. during the first quarter valued at about $205,000. Horseman Capital Management Ltd acquired a new position in shares of Diana Shipping inc. during the first quarter valued at about $469,000. Finally, Macquarie Group Ltd. raised its position in shares of Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock valued at $528,000 after buying an additional 50,900 shares during the period. 33.79% of the stock is currently owned by hedge funds and other institutional investors.
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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