Diana Shipping inc. (DSX) Rating Reiterated by Jefferies Group LLC
Diana Shipping inc. (NYSE:DSX)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group LLC in a research report issued on Thursday. They currently have a $4.50 price objective on the shipping company’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 15.38% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. BidaskClub upgraded Diana Shipping inc. from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Zacks Investment Research upgraded Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and set a $5.25 price objective on shares of Diana Shipping inc. in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.33.
Shares of Diana Shipping inc. (NYSE:DSX) traded down 0.26% during trading on Thursday, hitting $3.90. The stock had a trading volume of 582,593 shares. The stock has a 50 day moving average price of $3.98 and a 200-day moving average price of $4.11. Diana Shipping inc. has a one year low of $2.36 and a one year high of $6.20. The stock’s market capitalization is $377.09 million.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.01. The firm had revenue of $37.75 million for the quarter, compared to the consensus estimate of $36.21 million. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The company’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.41) EPS. On average, equities research analysts predict that Diana Shipping inc. will post ($0.97) earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in DSX. Ironwood Investment Management LLC lifted its holdings in Diana Shipping inc. by 1.4% during the 1st 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 during the period. Virtu KCG Holdings LLC acquired a new position in Diana Shipping inc. during the 2nd quarter worth about $180,000. Edmond DE Rothschild Holding S.A. lifted its holdings in Diana Shipping inc. by 10.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after buying an additional 4,500 shares during the period. State Street Corp lifted its holdings in Diana Shipping inc. by 15.4% during the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after buying an additional 10,694 shares during the period. Finally, DnB Asset Management AS acquired a new position in Diana Shipping inc. during the 2nd quarter worth about $741,000. 37.33% 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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