Diana Shipping Inc (NYSE:DSX)’s share price hit a new 52-week high on Friday . The stock traded as high as $5.16 and last traded at $5.10, with a volume of 825992 shares changing hands. The stock had previously closed at $4.81.
Several equities analysts have recently weighed in on DSX shares. Pareto Securities upgraded Diana Shipping from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Morgan Stanley decreased their price objective on Diana Shipping from $4.50 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, April 17th. ValuEngine upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Seaport Global Securities restated a “neutral” rating on shares of Diana Shipping in a report on Friday, February 23rd. Finally, Zacks Investment Research cut Diana Shipping from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Diana Shipping currently has an average rating of “Hold” and an average target price of $4.71.
The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $510.49 million, a P/E ratio of -6.46, a PEG ratio of 59.20 and a beta of 1.24.
Diana Shipping (NYSE:DSX) last posted its quarterly earnings results on Thursday, May 10th. The shipping company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.08. Diana Shipping had a negative return on equity of 7.11% and a negative net margin of 272.83%. The business had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $46.01 million. During the same quarter last year, the company posted ($0.34) earnings per share. Diana Shipping’s quarterly revenue was up 54.6% on a year-over-year basis. equities analysts expect that Diana Shipping Inc will post 0.02 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of DSX. Wells Fargo & Company MN grew its holdings in Diana Shipping by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 117,745 shares of the shipping company’s stock worth $480,000 after purchasing an additional 31,686 shares during the period. Royce & Associates LP grew its holdings in Diana Shipping by 11.1% during the fourth quarter. Royce & Associates LP now owns 1,368,233 shares of the shipping company’s stock worth $5,569,000 after purchasing an additional 137,000 shares during the period. Virtu Financial LLC grew its holdings in Diana Shipping by 804.7% during the fourth quarter. Virtu Financial LLC now owns 120,230 shares of the shipping company’s stock worth $489,000 after purchasing an additional 106,940 shares during the period. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 387,500 shares during the period. Finally, Slate Path Capital LP bought a new position in Diana Shipping during the fourth quarter worth about $916,000. Institutional investors and hedge funds own 38.51% of the company’s stock.
About Diana Shipping
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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