Shares of Diana Shipping inc. (NYSE:DSX) have earned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.38.

DSX has been the subject of a number of recent research reports. J P Morgan Chase & Co raised Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 4th. BidaskClub lowered Diana Shipping inc. from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research raised Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and issued a $5.25 target price on shares of Diana Shipping inc. in a research note on Wednesday, July 19th. Finally, ValuEngine lowered Diana Shipping inc. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

Shares of Diana Shipping inc. (NYSE:DSX) traded down 1.5124% during midday trading on Wednesday, hitting $3.9789. The stock had a trading volume of 315,195 shares. The stock’s market cap is $384.72 million. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20. The firm’s 50-day moving average price is $3.98 and its 200-day moving average price is $3.97.

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A number of large investors have recently made changes to their positions in DSX. Hosking Partners LLP increased its holdings in 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 purchasing an additional 1,306,125 shares during the period. Stifel Financial Corp increased its holdings in 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 purchasing an additional 476,967 shares during the period. Hermes Investment Management Ltd. purchased a new position in Diana Shipping inc. during the 2nd quarter valued at about $1,624,000. Royce & Associates LP increased its holdings in 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 purchasing an additional 298,400 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in 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 purchasing an additional 218,059 shares during the period. Institutional investors own 37.18% of the company’s stock.

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).

Analyst Recommendations for Diana Shipping inc. (NYSE:DSX)

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