Diana Shipping inc. (NYSE:DSX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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 research analysts have also issued reports on DSX. Stifel Nicolaus restated a “hold” rating and issued a $5.25 target price on shares of Diana Shipping inc. in a report on Wednesday, July 19th. Pareto Securities upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a report on Friday, September 8th. J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Finally, Jefferies Group LLC reduced their target price 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.33.

Shares of Diana Shipping inc. (DSX) traded down 1.98% during midday trading on Tuesday, hitting $3.97. 323,732 shares of the stock were exchanged. Diana Shipping inc. has a 12-month low of $2.36 and a 12-month high of $6.20. The firm has a 50-day moving average price of $3.99 and a 200 day moving average price of $4.11. The firm’s market cap is $383.86 million.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) EPS for the quarter, missing the consensus estimate 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 business had revenue of $37.75 million during the quarter, compared to analysts’ expectations of $36.21 million. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Diana Shipping inc.’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts predict that Diana Shipping inc. will post ($0.96) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hosking Partners LLP increased its stake in shares of Diana Shipping inc. by 58.0% during the 2nd quarter. Hosking Partners LLP now owns 3,559,973 shares of the shipping company’s stock valued at $14,453,000 after acquiring an additional 1,306,125 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Diana Shipping inc. by 16.6% during the 2nd quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock valued at $13,569,000 after acquiring an additional 476,967 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Diana Shipping inc. by 1.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after acquiring an additional 32,397 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Diana Shipping inc. by 16.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock valued at $6,117,000 after acquiring an additional 218,059 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Diana Shipping inc. by 34.1% during the 2nd quarter. Royce & Associates LP now owns 1,174,333 shares of the shipping company’s stock valued at $4,768,000 after acquiring an additional 298,400 shares during the last quarter. 37.31% 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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Analyst Recommendations for Diana Shipping inc. (NYSE:DSX)

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