Diana Shipping inc. (NYSE:DSX)’s share price fell 6.2% on Monday . The stock traded as low as $2.41 and last traded at $2.44, with a volume of 402,383 shares changing hands. The stock had previously closed at $2.60.

Several brokerages have weighed in on DSX. Jefferies Group set a $3.00 price objective on Diana Shipping inc. and gave the company a “hold” rating in a report on Wednesday, July 27th. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Diana Shipping inc. currently has a consensus rating of “Hold” and an average target price of $4.67.

The firm’s market cap is $193.28 million. The stock’s 50-day moving average is $2.59 and its 200 day moving average is $2.62.

Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.01. During the same period last year, the business posted ($0.19) earnings per share. The business earned $28.30 million during the quarter, compared to analyst estimates of $28.07 million. The company’s revenue for the quarter was down 26.7% compared to the same quarter last year. Equities research analysts expect that Diana Shipping inc. will post ($1.62) earnings per share for the current year.

An institutional investor recently raised its position in Diana Shipping inc. stock. Russell Frank Co boosted its stake in shares of Diana Shipping inc. (NYSE:DSX) by 142.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 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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