Shares of Diana Shipping inc. (NYSE:DSX) were down 2.3% during trading on Monday . The stock traded as low as $2.54 and last traded at $2.54, with a volume of 269,098 shares. The stock had previously closed at $2.60.

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

The company’s market cap is $203.30 million. The firm’s 50-day moving average is $2.40 and its 200-day moving average is $2.69.

Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings results on Wednesday, May 18th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.06. The company earned $30.80 million during the quarter, compared to analyst estimates of $29.34 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, equities research analysts expect that Diana Shipping inc. will post ($1.62) EPS for the current fiscal year.

A hedge fund recently raised its stake in Diana Shipping inc. stock. Russell Frank Co boosted its position in Diana Shipping inc. (NYSE:DSX) by 142.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 1.25% of Diana Shipping inc. worth $4,069,000 as of its most recent filing with the SEC.

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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