Diana Shipping (NYSE:DSX) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Thursday, October 19th. Citigroup raised their target price on Diana Shipping from $2.50 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, October 31st. They noted that the move was a valuation call. Deutsche Bank restated a “hold” rating on shares of Diana Shipping in a research report on Tuesday, October 31st. Jefferies Group restated a “hold” rating and issued a $4.50 target price on shares of Diana Shipping in a research report on Thursday, September 7th. Finally, Stifel Nicolaus set a $5.00 target price on Diana Shipping and gave the company a “hold” rating in a research report on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.00.

Shares of Diana Shipping (NYSE:DSX) traded up $0.02 during trading on Friday, hitting $4.04. The stock had a trading volume of 614,733 shares, compared to its average volume of 669,980. Diana Shipping has a fifty-two week low of $2.74 and a fifty-two week high of $6.20.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP boosted its stake in Diana Shipping by 4.8% during the 3rd quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock valued at $4,469,000 after purchasing an additional 56,900 shares in the last quarter. Kopernik Global Investors LLC boosted its stake in Diana Shipping by 8.0% during the 3rd quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock valued at $14,745,000 after purchasing an additional 300,253 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Diana Shipping by 44.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,178,411 shares of the shipping company’s stock valued at $7,908,000 after purchasing an additional 671,587 shares in the last quarter. State Street Corp boosted its stake in Diana Shipping by 15.4% during the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 10,694 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Diana Shipping by 33.1% during the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after purchasing an additional 76,650 shares in the last quarter. 37.57% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Diana Shipping (DSX) Stock Rating Lowered by ValuEngine” was posted by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/03/diana-shipping-dsx-stock-rating-lowered-by-valuengine.html.

About Diana Shipping

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Diana Shipping (NYSE:DSX)

Receive News & Ratings for Diana Shipping inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping inc. and related companies with MarketBeat.com's FREE daily email newsletter.