Insider Buying: Diamond S Shipping Inc (NYSE:DSSI) CEO Acquires 20,231 Shares of Stock

Diamond S Shipping Inc (NYSE:DSSI) CEO Craig H. Stevenson, Jr. bought 20,231 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of $11.69 per share, for a total transaction of $236,500.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Diamond S Shipping stock traded down $0.69 during trading on Wednesday, hitting $10.89. 244,500 shares of the stock were exchanged, compared to its average volume of 143,240. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.86 and a current ratio of 1.07. Diamond S Shipping Inc has a 12 month low of $9.60 and a 12 month high of $14.26.

Diamond S Shipping (NYSE:DSSI) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $102.66 million for the quarter, compared to analyst estimates of $144.85 million. On average, research analysts predict that Diamond S Shipping Inc will post 0.34 earnings per share for the current fiscal year.

A number of analysts have weighed in on DSSI shares. Stifel Nicolaus started coverage on shares of Diamond S Shipping in a report on Tuesday, June 4th. They set a “buy” rating and a $18.00 target price on the stock. Clarkson Capital started coverage on shares of Diamond S Shipping in a report on Tuesday, April 9th. They set a “buy” rating and a $25.00 target price on the stock. Finally, B. Riley started coverage on shares of Diamond S Shipping in a report on Thursday, April 4th. They set a “buy” rating and a $16.00 target price on the stock.

Institutional investors have recently added to or reduced their stakes in the company. CarVal Investors LLC bought a new position in shares of Diamond S Shipping during the first quarter worth about $27,041,000. Donald Smith & CO. Inc. bought a new position in shares of Diamond S Shipping during the first quarter worth about $5,123,000. Goodman Financial Corp bought a new position in shares of Diamond S Shipping during the first quarter worth about $992,000. Arrow Investment Advisors LLC bought a new position in shares of Diamond S Shipping during the first quarter worth about $235,000. Finally, Renaissance Technologies LLC bought a new position in shares of Diamond S Shipping during the first quarter worth about $115,000. Institutional investors and hedge funds own 56.46% of the company’s stock.

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About Diamond S Shipping

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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