Diana Shipping inc. (NYSE:DSX) was up 8.6% during trading on Friday . The stock traded as high as $2.66 and last traded at $2.66, with a volume of 190,038 shares. The stock had previously closed at $2.45.

A number of brokerages have issued reports on DSX. Jefferies Group reiterated a “hold” rating and issued a $2.50 price target on shares of Diana Shipping inc. in a research note on Wednesday. Zacks Investment Research upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Wells Fargo & Co. reiterated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Diana Shipping inc. has a consensus rating of “Hold” and a consensus target price of $4.79.

The company’s 50-day moving average is $2.39 and its 200-day moving average is $2.74. The company’s market capitalization is $208.10 million.

Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Wednesday, May 18th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. The firm had revenue of $30.80 million for the quarter, compared to analyst estimates of $29.34 million. During the same period in the prior year, the firm earned ($0.15) EPS. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, analysts forecast that Diana Shipping inc. will post ($1.62) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Diana Shipping inc. stock. Russell Frank Co raised its position in shares of Diana Shipping inc. (NYSE:DSX) by 142.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 995,201 shares of the company’s stock after buying an additional 584,819 shares during the period. Russell Frank Co owned about 1.25% of Diana Shipping inc. worth $4,069,000 as of its most recent SEC filing.

Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.

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