Diana Shipping inc. (DSX) Trading Up 5.9%
Diana Shipping inc. (NYSE:DSX) was up 5.9% on Friday . The stock traded as high as $2.54 and last traded at $2.53, with a volume of 526,815 shares traded. The stock had previously closed at $2.39.
Several equities research analysts have recently weighed in on DSX shares. 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 reissued a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Jefferies Group reissued a “hold” rating and set a $2.50 price objective on shares of Diana Shipping inc. in a report on Wednesday, July 6th. Wells Fargo & Co. reissued a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Finally, Seaport Global Securities began coverage on shares of Diana Shipping inc. in a report on Tuesday. They set a “neutral” rating and a $3.00 price objective on the stock. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $3.83.
The stock’s 50-day moving average price is $2.60 and its 200-day moving average price is $2.62. The firm’s market cap is $206.97 million.
Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.01. During the same period in the prior year, the company earned ($0.19) earnings per share. The firm earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. The business’s quarterly revenue was down 26.7% on a year-over-year basis. Analysts anticipate that Diana Shipping inc. will post ($1.67) earnings per share for the current year.
An institutional investor recently raised its position 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 Form 13F 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 about 1.25% of Diana Shipping inc. worth $4,069,000 as of its most recent SEC filing.
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.