Diana Shipping inc. (DSX) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Diana Shipping inc. (NYSE:DSX) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.50.
Several analysts recently issued reports on DSX shares. Pareto Securities downgraded Diana Shipping from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a report on Wednesday, January 10th. Jefferies Group started coverage on Diana Shipping in a report on Monday, December 18th. They issued a “hold” rating and a $4.50 price target on the stock. ValuEngine downgraded Diana Shipping from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Deutsche Bank reissued a “hold” rating on shares of Diana Shipping in a report on Tuesday, October 31st. Finally, Citigroup raised their price target on Diana Shipping from $2.50 to $5.00 and gave the stock a “hold” rating in a report on Tuesday, October 31st. They noted that the move was a valuation call.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kopernik Global Investors LLC lifted its holdings in shares of Diana Shipping by 8.0% in the 3rd quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock worth $14,745,000 after purchasing an additional 300,253 shares during the last quarter. Stifel Financial Corp increased its position in Diana Shipping by 16.6% in 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 period. Russell Investments Group Ltd. increased its position in Diana Shipping by 44.6% in 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 acquiring an additional 671,587 shares during the period. Royce & Associates LP increased its position in Diana Shipping by 4.8% in the 3rd quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock valued at $4,469,000 after acquiring an additional 56,900 shares during the period. Finally, Macquarie Group Ltd. increased its position in Diana Shipping by 33.1% in the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 76,650 shares during the period. 37.52% of the stock is currently owned by institutional investors and hedge funds.
Diana Shipping (NYSE:DSX) last released its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, hitting analysts’ consensus estimates of ($0.20). Diana Shipping had a negative return on equity of 9.26% and a negative net margin of 69.54%. equities research analysts expect that Diana Shipping will post -0.91 EPS for the current year.
Diana Shipping 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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