Diana Shipping inc. (DSX) Upgraded at Pareto Securities
Diana Shipping inc. (NYSE:DSX) was upgraded by equities research analysts at Pareto Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.
A number of other research firms also recently issued reports on DSX. BidaskClub downgraded shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and set a $5.25 target price on shares of Diana Shipping inc. in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Monday, June 19th. ValuEngine downgraded shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.33.
Shares of Diana Shipping inc. (NYSE DSX) traded up 0.51% during trading on Friday, hitting $3.92. 409,255 shares of the stock traded hands. The company has a 50 day moving average of $3.97 and a 200-day moving average of $4.10. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20. The company’s market cap is $379.03 million.
Diana Shipping inc. (NYSE:DSX) last released its earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.01. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The business had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities analysts anticipate that Diana Shipping inc. will post ($0.97) EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. Ironwood Investment Management LLC increased its stake in shares of Diana Shipping inc. by 1.4% in the 1st quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock valued at $139,000 after acquiring an additional 426 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Diana Shipping inc. in the 1st quarter valued at about $205,000. Virtu KCG Holdings LLC bought a new stake in shares of Diana Shipping inc. in the 2nd quarter valued at about $180,000. State Street Corp increased its stake in shares of Diana Shipping inc. by 15.4% in the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 10,694 shares during the last quarter. Finally, DnB Asset Management AS bought a new stake in shares of Diana Shipping inc. in the 2nd quarter valued at about $741,000. 37.33% of the stock is owned by 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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