Diana Shipping inc. (DSX) Trading 2.3% Higher
Shares of Diana Shipping inc. (NYSE:DSX) traded up 2.3% during mid-day trading on Thursday . The company traded as high as $3.22 and last traded at $3.12, with a volume of 569,354 shares changing hands. The stock had previously closed at $3.05.
A number of analysts have issued reports on the stock. Jefferies Group reissued a “hold” rating and issued a $2.50 price objective on shares of Diana Shipping inc. in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.79.
The company’s market capitalization is $248.12 million. The company’s 50-day moving average is $2.57 and its 200 day moving average is $2.66.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Wednesday, May 18th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.06. The company had revenue of $30.80 million for the quarter, compared to analyst estimates of $29.34 million. The business’s revenue was down 26.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) EPS. On average, analysts expect that Diana Shipping inc. will post ($1.64) earnings per share for the current year.
A hedge fund recently raised its stake in Diana Shipping inc. stock. Pinnacle Associates Ltd. raised its stake in Diana Shipping inc. (NYSE:DSX) by 55.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,759,625 shares of the company’s stock after buying an additional 989,075 shares during the period. Pinnacle Associates Ltd. owned 3.47% of Diana Shipping inc. worth $12,004,000 at the end of the most recent reporting period.
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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