Diana Shipping inc. (DSX) Lowered to Sell at Zacks Investment Research
Diana Shipping inc. (NYSE:DSX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “
Other analysts have also issued research reports about the company. Jefferies Group LLC cut their price objective on Diana Shipping inc. from $5.00 to $4.50 and set a “hold” rating on the stock in a research report on Thursday, May 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $5.25 price objective on shares of Diana Shipping inc. in a research report on Friday, May 26th. ValuEngine raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co raised Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 4th. Finally, BidaskClub lowered Diana Shipping inc. from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.33.
Diana Shipping inc. (NYSE DSX) traded down 2.13% during midday trading on Tuesday, hitting $4.14. The company had a trading volume of 393,231 shares. The stock has a 50 day moving average price of $3.99 and a 200 day moving average price of $4.09. Diana Shipping inc. has a 52 week low of $2.21 and a 52 week high of $6.20. The company’s market capitalization is $400.30 million.
Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.01. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The firm had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. During the same quarter last year, the company earned ($0.41) earnings per share. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities analysts forecast that Diana Shipping inc. will post ($0.97) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. Ironwood Investment Management LLC raised its position in 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 valued at $139,000 after buying an additional 426 shares during the period. Virtu KCG Holdings LLC acquired a new position in Diana Shipping inc. during the second quarter valued at approximately $180,000. Edmond DE Rothschild Holding S.A. raised its position in Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after buying an additional 4,500 shares during the period. State Street Corp raised its position in Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after buying an additional 10,694 shares during the period. Finally, Macquarie Group Ltd. raised its position in 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. 37.33% of the stock is currently owned by hedge funds and other institutional investors.
Diana Shipping inc. Company Profile
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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