Shares of Diana Shipping inc. (NYSE:DSX) saw strong trading volume on Monday . 352,975 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 475,835 shares.The stock last traded at $3.11 and had previously closed at $3.08.

Several equities analysts have commented on the company. Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $2.50 price objective on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.79.

The stock has a 50-day moving average price of $2.52 and a 200-day moving average price of $2.66. The stock’s market cap is $245.72 million.

Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Wednesday, May 18th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.06. During the same quarter in the previous year, the company earned ($0.15) earnings per share. The firm earned $30.80 million during the quarter, compared to analysts’ expectations of $29.34 million. Diana Shipping inc.’s revenue 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 increased its position in Diana Shipping inc. (NYSE:DSX) by 142.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 995,201 shares of the company’s stock after buying an additional 584,819 shares during the period. Russell Frank Co owned 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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