Insider Buying: Diamond S Shipping Inc (NYSE:DSSI) CEO Buys 20,231 Shares of Stock

Diamond S Shipping Inc (NYSE:DSSI) CEO Craig H. Stevenson, Jr. purchased 20,231 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average price of $11.69 per share, with a total value of $236,500.39. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:DSSI opened at $11.37 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. Diamond S Shipping Inc has a 52 week low of $9.60 and a 52 week high of $14.26.

Diamond S Shipping (NYSE:DSSI) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $102.66 million for the quarter, compared to analyst estimates of $144.85 million. Equities analysts anticipate that Diamond S Shipping Inc will post 0.34 EPS for the current year.

Several research firms have commented on DSSI. B. Riley began coverage on shares of Diamond S Shipping in a research note on Thursday, April 4th. They issued a “buy” rating and a $16.00 price target for the company. Stifel Nicolaus began coverage on shares of Diamond S Shipping in a research note on Tuesday, June 4th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Clarkson Capital began coverage on shares of Diamond S Shipping in a research note on Tuesday, April 9th. They issued a “buy” rating and a $25.00 price target for the company.

Hedge funds have recently modified their holdings of the stock. CarVal Investors LLC acquired a new position in shares of Diamond S Shipping during the first quarter worth $27,041,000. Donald Smith & CO. Inc. acquired a new position in shares of Diamond S Shipping during the first quarter worth $5,123,000. Goodman Financial Corp acquired a new position in shares of Diamond S Shipping during the first quarter worth $992,000. Arrow Investment Advisors LLC acquired a new position in shares of Diamond S Shipping during the first quarter worth $235,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Diamond S Shipping during the first quarter worth $115,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.

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About Diamond S Shipping

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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