Diana Shipping inc. (DSX) Stock Price Down 8.4%
Diana Shipping inc. (NYSE:DSX) was down 8.4% during mid-day trading on Monday . The company 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.
A number of equities research analysts have issued reports on DSX shares. Jefferies Group restated a “hold” rating and set a $2.50 price objective on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.79.
The stock’s market cap is $213.71 million. The stock has a 50-day moving average of $2.59 and a 200 day moving average of $2.62.
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 the consensus estimate of ($0.35) by $0.06. The firm earned $30.80 million during the quarter, compared to the consensus estimate of $29.34 million. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. Equities analysts expect that Diana Shipping inc. will post ($1.64) EPS for the current year.
An institutional investor recently raised its position in Diana Shipping inc. stock. Russell Frank Co boosted its stake in Diana Shipping inc. (NYSE:DSX) by 142.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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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