Diana Shipping inc. (NYSE:DSX)’s share price dropped 8.4% during mid-day trading on Monday . The stock traded as low as $2.84 and last traded at $2.84, with a volume of 338,339 shares trading hands. The stock had previously closed at $3.10.

DSX has been the subject of several research analyst reports. Zacks Investment Research raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Jefferies Group reaffirmed 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. reaffirmed 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. Diana Shipping inc. has a consensus rating of “Hold” and an average price target of $4.79.

The company has a 50-day moving average price of $2.57 and a 200-day moving average price of $2.66. The firm’s market capitalization is $221.71 million.

Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings data on Wednesday, May 18th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. The company had revenue of $30.80 million for the quarter, compared to the consensus estimate of $29.34 million. During the same quarter last year, the business earned ($0.15) earnings per share. The business’s revenue was down 26.7% compared to the same quarter last year. Analysts anticipate 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. 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. 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 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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