Zacks Investment Research Upgrades Diana Shipping inc. (DSX) to Hold
According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “
Several other brokerages have also recently issued reports on DSX. Jefferies Group reaffirmed a hold rating and set a $2.50 target price on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Clarkson Capital reaffirmed a neutral rating on shares of Diana Shipping inc. in a research report on Friday, September 23rd. Deutsche Bank AG raised Diana Shipping inc. from a sell rating to a hold rating and increased their target price for the company from $1.50 to $2.50 in a research report on Friday, August 26th. Finally, Seaport Global Securities assumed coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a neutral rating and a $3.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of $4.00.
Shares of Diana Shipping inc. (NYSE:DSX) opened at 2.59 on Thursday. The company’s 50 day moving average price is $2.59 and its 200 day moving average price is $2.64. Diana Shipping inc. has a 52-week low of $1.95 and a 52-week high of $7.17. The company’s market capitalization is $208.58 million.
Diana Shipping inc. (NYSE:DSX) last announced its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by $0.01. The company had revenue of $28.30 million for the quarter, compared to the consensus estimate of $28.07 million. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The firm’s revenue was down 26.7% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. On average, analysts predict that Diana Shipping inc. will post ($1.65) EPS for the current year.
A number of institutional investors have recently modified their holdings of DSX. Macquarie Group Ltd. raised its position in shares of Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock worth $248,000 after buying an additional 21,750 shares during the period. Parametric Portfolio Associates LLC raised its position in Diana Shipping inc. by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,789,768 shares of the company’s stock worth $4,349,000 after buying an additional 175,021 shares during the last quarter. State Street Corp raised its position in Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock worth $275,000 after buying an additional 2,490 shares during the last quarter. Ingalls & Snyder LLC bought a new position in Diana Shipping inc. during the second quarter worth $143,000. Finally, Kopernik Global Investors LLC raised its position in Diana Shipping inc. by 36.1% in the second quarter. Kopernik Global Investors LLC now owns 4,261,540 shares of the company’s stock worth $10,357,000 after buying an additional 1,130,571 shares during the last quarter. Institutional investors own 45.18% of the company’s stock.
Diana Shipping inc. Company Profile
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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