Diana Shipping inc. (NYSE:DSX) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.38.

Several brokerages have recently weighed in on DSX. Zacks Investment Research downgraded Diana Shipping from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Pareto Securities raised Diana Shipping from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Stifel Nicolaus set a $5.00 price objective on Diana Shipping and gave the company a “hold” rating in a research note on Sunday, October 22nd. Jefferies Group assumed coverage on Diana Shipping in a research note on Monday. They issued a “hold” rating and a $4.50 price objective for the company. Finally, ValuEngine downgraded Diana Shipping from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in Diana Shipping by 99.7% in the 1st quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock valued at $1,464,000 after purchasing an additional 158,283 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Diana Shipping by 33.1% in the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after acquiring an additional 76,650 shares during the last quarter. Hosking Partners LLP increased its stake in shares of Diana Shipping by 58.0% in the 2nd quarter. Hosking Partners LLP now owns 3,559,973 shares of the shipping company’s stock worth $14,453,000 after acquiring an additional 1,306,125 shares during the last quarter. Westpac Banking Corp acquired a new stake in shares of Diana Shipping in the 2nd quarter worth $856,000. Finally, Kopernik Global Investors LLC increased its stake in shares of Diana Shipping by 8.0% in the 3rd quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock worth $14,745,000 after acquiring an additional 300,253 shares during the last quarter. 37.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Diana Shipping (NYSE DSX) traded down $0.03 during mid-day trading on Thursday, hitting $4.08. The stock had a trading volume of 302,500 shares, compared to its average volume of 800,289. Diana Shipping has a twelve month low of $3.00 and a twelve month high of $6.20.

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Diana Shipping Company Profile

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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