Shares of Diana Shipping inc. (NYSE:DSX) have received an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.38.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Diana Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Pareto Securities raised Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. BidaskClub cut Diana Shipping from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Stifel Nicolaus set a $5.00 target price on Diana Shipping and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 target price on shares of Diana Shipping in a research report on Thursday, September 7th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu KCG Holdings LLC bought a new stake in shares of Diana Shipping in the second quarter valued at approximately $180,000. Edmond DE Rothschild Holding S.A. boosted its position in shares of Diana Shipping by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after acquiring an additional 4,500 shares during the period. State Street Corp boosted its position in shares of Diana Shipping by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 10,694 shares during the period. Westpac Banking Corp bought a new stake in shares of Diana Shipping in the second quarter valued at approximately $856,000. Finally, Macquarie Group Ltd. boosted its position in shares of Diana Shipping by 33.1% in the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 76,650 shares during the period. 38.44% of the stock is owned by institutional investors.

Diana Shipping (NYSE:DSX) traded up $0.09 during trading hours on Friday, reaching $3.98. The company had a trading volume of 484,881 shares, compared to its average volume of 688,932. Diana Shipping has a 12-month low of $2.74 and a 12-month high of $6.20.

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About Diana Shipping

Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).

Analyst Recommendations for Diana Shipping (NYSE:DSX)

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