Diana Shipping Inc. (NYSE:DSX) has been given an average rating of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.50.
DSX has been the topic of a number of recent analyst reports. Jefferies Group initiated coverage on shares of Diana Shipping in a research note on Monday, December 18th. They issued a “hold” rating and a $4.50 target price on the stock. Zacks Investment Research lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Seaport Global Securities restated a “neutral” rating on shares of Diana Shipping in a research note on Friday, February 23rd. Morgan Stanley cut their target price on shares of Diana Shipping from $5.50 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Finally, JPMorgan Chase lowered shares of Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Wednesday, January 17th.
Shares of Diana Shipping stock traded down $0.10 during trading on Friday, reaching $3.40. The company had a trading volume of 332,436 shares, compared to its average volume of 361,582. The firm has a market cap of $371.46, a PE ratio of -4.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 1.73. Diana Shipping has a fifty-two week low of $3.07 and a fifty-two week high of $6.20.
Diana Shipping (NYSE:DSX) last issued its earnings results on Thursday, February 22nd. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The business had revenue of $48.90 million for the quarter, compared to analyst estimates of $44.22 million. Diana Shipping had a negative net margin of 316.08% and a negative return on equity of 8.81%. The company’s revenue for the quarter was up 74.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.31) EPS. equities analysts predict that Diana Shipping will post -0.19 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSX. Russell Investments Group Ltd. raised its stake in Diana Shipping by 44.6% during the third quarter. Russell Investments Group Ltd. now owns 2,178,411 shares of the shipping company’s stock worth $7,908,000 after acquiring an additional 671,587 shares during the period. Kopernik Global Investors LLC raised its stake in Diana Shipping by 16.4% during the fourth quarter. Kopernik Global Investors LLC now owns 4,726,332 shares of the shipping company’s stock worth $19,237,000 after acquiring an additional 664,419 shares during the period. Renaissance Technologies LLC raised its stake in Diana Shipping by 44.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,258,800 shares of the shipping company’s stock worth $5,123,000 after acquiring an additional 387,500 shares during the period. Millennium Management LLC raised its stake in Diana Shipping by 70.4% during the fourth quarter. Millennium Management LLC now owns 859,183 shares of the shipping company’s stock worth $3,497,000 after acquiring an additional 354,970 shares during the period. Finally, Hosking Partners LLP raised its stake in Diana Shipping by 6.9% during the fourth quarter. Hosking Partners LLP now owns 3,811,870 shares of the shipping company’s stock worth $15,514,000 after acquiring an additional 245,825 shares during the period. Hedge funds and other institutional investors own 39.72% of the company’s stock.
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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).
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