Diana Shipping Inc (NYSE:DSX) shares traded down 6.7% during mid-day trading on Friday . The company traded as low as $3.48 and last traded at $3.50. 627,893 shares were traded during mid-day trading, an increase of 60% from the average session volume of 391,647 shares. The stock had previously closed at $3.75.
A number of research analysts have issued reports on the company. ValuEngine downgraded Diana Shipping from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Zacks Investment Research cut Diana Shipping from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Finally, Morgan Stanley upped their price target on Diana Shipping from $4.00 to $4.50 and gave the company 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 given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $4.75.
The stock has a market cap of $411.79 million, a P/E ratio of -4.43 and a beta of 1.32.
Several hedge funds and other institutional investors have recently modified their holdings of DSX. Engineers Gate Manager LP purchased a new position in shares of Diana Shipping during the 2nd quarter valued at $213,000. DNB Asset Management AS lifted its position in shares of Diana Shipping by 37.4% during the 3rd quarter. DNB Asset Management AS now owns 183,521 shares of the shipping company’s stock valued at $756,000 after buying an additional 50,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Diana Shipping by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,921 shares of the shipping company’s stock valued at $1,095,000 after buying an additional 33,661 shares during the last quarter. UBS Group AG lifted its position in shares of Diana Shipping by 329.5% during the 1st quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock valued at $1,134,000 after buying an additional 237,727 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of Diana Shipping during the 2nd quarter valued at $2,109,000. 37.67% of the stock is currently owned by hedge funds and other institutional investors.
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About Diana Shipping (NYSE:DSX)
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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