Diana Shipping inc. (NYSE:DSX)’s share price traded down 6.2% on Monday . The stock traded as low as $2.41 and last traded at $2.44, with a volume of 402,383 shares traded. The stock had previously closed at $2.60.

Several equities analysts recently weighed in on the stock. Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Zacks Investment Research raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Jefferies Group set a $3.00 price objective on shares of Diana Shipping inc. and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Finally, Seaport Global Securities assumed coverage on shares of Diana Shipping inc. in a research note on Tuesday. They set a “neutral” rating and a $3.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Diana Shipping inc. has an average rating of “Hold” and a consensus price target of $4.43.

The stock’s market cap is $192.48 million. The firm’s 50-day moving average price is $2.60 and its 200 day moving average price is $2.63.

Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.01. The business earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. During the same period in the prior year, the company posted ($0.19) EPS. The company’s revenue was down 26.7% compared to the same quarter last year. Equities research 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 shares of Diana Shipping inc. (NYSE:DSX) by 142.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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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