Diana Shipping inc. (DSX) Rating Increased to Hold at Zacks Investment Research
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. “
DSX has been the subject of a number of other research reports. Pareto Securities upgraded Diana Shipping inc. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. ValuEngine upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. BidaskClub lowered Diana Shipping inc. from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. J P Morgan Chase & Co upgraded Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $4.50 target price on shares of Diana Shipping inc. in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.33.
Diana Shipping inc. (NYSE DSX) traded down 1.72% during trading on Tuesday, reaching $4.00. The company’s stock had a trading volume of 432,928 shares. The company’s 50-day moving average is $3.97 and its 200-day moving average is $4.09. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20. The company’s market capitalization is $386.76 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). 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 last year, the business earned ($0.41) EPS. Diana Shipping inc.’s revenue for the quarter was up 33.3% compared to the same quarter last year. Equities analysts anticipate that Diana Shipping inc. will post ($0.96) EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ironwood Investment Management LLC lifted its holdings 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 worth $139,000 after purchasing 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 worth approximately $205,000. Virtu KCG Holdings LLC bought a new stake in shares of Diana Shipping inc. in the 2nd quarter worth approximately $180,000. State Street Corp lifted its holdings 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 worth $324,000 after purchasing 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 worth approximately $741,000. 37.31% of the stock is currently owned by institutional investors and hedge funds.
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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