Shares of Diana Shipping inc. (NYSE:DSX) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.50.
A number of equities analysts have commented on the stock. Pareto Securities downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded shares of Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 target price for the company. in a report on Wednesday, January 17th. Stifel Nicolaus set a $5.00 target price on shares of Diana Shipping and gave the stock a “hold” rating in a report on Sunday, October 22nd. Morgan Stanley reduced their target price on shares of Diana Shipping from $5.50 to $4.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Deutsche Bank reiterated a “hold” rating on shares of Diana Shipping in a report on Tuesday, October 31st.
Several hedge funds have recently modified their holdings of DSX. Virtu KCG Holdings LLC purchased a new stake in shares of Diana Shipping during the second quarter worth about $180,000. Two Sigma Advisers LP grew its stake in shares of Diana Shipping by 128.8% during the fourth quarter. Two Sigma Advisers LP now owns 55,062 shares of the shipping company’s stock worth $224,000 after acquiring an additional 31,000 shares during the last quarter. State Street Corp grew its stake in shares of Diana Shipping by 15.4% during the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after acquiring an additional 10,694 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of 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 acquiring an additional 31,686 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of 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 acquiring an additional 106,940 shares during the last quarter. Institutional investors and hedge funds own 37.62% of the company’s stock.
Diana Shipping (NYSE:DSX) last announced its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.20). The business had revenue of $43.92 million during the quarter, compared to the consensus estimate of $40.98 million. Diana Shipping had a negative net margin of 69.54% and a negative return on equity of 9.26%. sell-side analysts forecast that Diana Shipping will post -0.9 EPS for the current fiscal year.
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Diana Shipping Company Profile
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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