Diana Shipping (DSX) Stock Price Down 5.6%

Diana Shipping inc. (NYSE:DSX) shares traded down 5.6% during trading on Wednesday . The company traded as low as $3.86 and last traded at $4.07. 1,454,737 shares changed hands during trading, an increase of 118% from the average session volume of 666,555 shares. The stock had previously closed at $4.31.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. JPMorgan Chase & Co. lowered shares of Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research report on Wednesday. Stifel Nicolaus set a $5.00 price target on shares of Diana Shipping and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Jefferies Group started coverage on shares of Diana Shipping in a research report on Monday, December 18th. They issued a “hold” rating and a $4.50 price target on the stock. Finally, Deutsche Bank restated a “hold” rating on shares of Diana Shipping in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.57.

The stock has a market cap of $421.27, a PE ratio of -2.14 and a beta of 1.64.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). Diana Shipping had a negative net margin of 69.54% and a negative return on equity of 9.26%. equities research analysts anticipate that Diana Shipping inc. will post -0.91 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Royce & Associates LP grew its position in Diana Shipping by 4.8% in the third quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock worth $4,469,000 after buying an additional 56,900 shares during the last quarter. Kopernik Global Investors LLC grew its position in Diana Shipping by 8.0% during the 3rd quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock worth $14,745,000 after purchasing an additional 300,253 shares in the last quarter. Russell Investments Group Ltd. grew its position in Diana Shipping by 44.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,178,411 shares of the shipping company’s stock worth $7,908,000 after purchasing an additional 671,587 shares in the last quarter. State Street Corp grew its position in Diana Shipping by 15.4% during the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after purchasing an additional 10,694 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Diana Shipping by 33.1% during the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after purchasing an additional 76,650 shares in the last quarter. Hedge funds and other institutional investors own 37.52% of the company’s stock.

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About Diana Shipping

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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