Diana Shipping inc. (NYSE:DSX) shares rose 2.3% during trading on Thursday . The company traded as high as $3.22 and last traded at $3.12, with a volume of 569,354 shares trading hands. The stock had previously closed at $3.05.

DSX has been the topic of a number of research analyst reports. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Morgan Stanley reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Jefferies Group reissued a “hold” rating and issued a $2.50 target price on shares of Diana Shipping inc. in a research note on Wednesday, July 6th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.79.

The stock’s market capitalization is $249.72 million. The firm has a 50 day moving average price of $2.55 and a 200-day moving average price of $2.67.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, May 18th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.06. The firm had revenue of $30.80 million for the quarter, compared to analysts’ expectations of $29.34 million. Diana Shipping inc.’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) EPS. Equities research analysts predict that Diana Shipping inc. will post ($1.62) EPS for the current year.

An institutional investor recently raised its position 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 filing with the Securities and Exchange Commission. The fund 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 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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