Diana Shipping inc. (NYSE:DSX) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research report on Tuesday, April 18th. Stifel Nicolaus restated a “hold” rating and issued a $5.25 price target on shares of Diana Shipping inc. in a research report on Friday, May 26th. Jefferies Group LLC boosted their price target on shares of Diana Shipping inc. from $3.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, April 24th. Finally, Credit Suisse Group set a $3.00 price target on shares of Diana Shipping inc. and gave the company a “hold” rating in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.32.

Shares of Diana Shipping inc. (NYSE DSX) traded down 2.06% during midday trading on Friday, hitting $3.81. 451,896 shares of the company’s stock traded hands. The company has a 50 day moving average price of $3.79 and a 200 day moving average price of $4.00. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20. The firm’s market capitalization is $309.57 million.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.03. The firm had revenue of $31.30 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) earnings per share. Equities analysts anticipate that Diana Shipping inc. will post ($0.99) earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in DSX. Hosking Partners LLP raised its position in shares of Diana Shipping inc. by 57.1% in the first quarter. Hosking Partners LLP now owns 2,253,848 shares of the shipping company’s stock worth $10,413,000 after buying an additional 819,219 shares during the last quarter. DnB Asset Management AS bought a new position in shares of Diana Shipping inc. during the second quarter worth about $741,000. Morgan Stanley raised its position in shares of Diana Shipping inc. by 99.7% in the first quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock worth $1,464,000 after buying an additional 158,283 shares during the last quarter. Horseman Capital Management Ltd bought a new position in shares of Diana Shipping inc. during the first quarter worth about $469,000. Finally, Renaissance Technologies LLC raised its position in shares of Diana Shipping inc. by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock worth $2,816,000 after buying an additional 79,500 shares during the last quarter. Institutional investors own 33.79% of the company’s stock.

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).

Analyst Recommendations for Diana Shipping inc. (NYSE:DSX)

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