Diana Shipping Inc (NYSE:DSX) – Research analysts at Jefferies Financial Group issued their Q3 2018 EPS estimates for Diana Shipping in a report released on Monday, October 29th. Jefferies Financial Group analyst R. Giveans expects that the shipping company will post earnings of $0.02 per share for the quarter. Jefferies Financial Group also issued estimates for Diana Shipping’s Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.09 EPS.
Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Tuesday, August 14th. ValuEngine upgraded Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Morgan Stanley upped their price objective on Diana Shipping from $4.00 to $4.50 and gave the stock a “$4.41” rating in a research report on Monday, July 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.75.
Shares of NYSE DSX opened at $3.98 on Wednesday. The company has a market capitalization of $392.68 million, a P/E ratio of -5.04 and a beta of 1.31. Diana Shipping has a 52 week low of $3.07 and a 52 week high of $5.16.
Institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new stake in shares of Diana Shipping in the second quarter valued at approximately $213,000. DNB Asset Management AS increased its stake in Diana Shipping by 37.4% in the third quarter. DNB Asset Management AS now owns 183,521 shares of the shipping company’s stock valued at $756,000 after purchasing an additional 50,000 shares during the last quarter. UBS Group AG increased its stake in Diana Shipping by 329.5% in the first quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock valued at $1,134,000 after purchasing an additional 237,727 shares during the last quarter. 683 Capital Management LLC acquired a new position in Diana Shipping in the second quarter valued at $2,109,000. Finally, Millennium Management LLC increased its stake in Diana Shipping by 149.1% in the second quarter. Millennium Management LLC now owns 886,458 shares of the shipping company’s stock valued at $4,264,000 after purchasing an additional 530,571 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company’s stock.
Diana Shipping Company Profile
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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