Diana Shipping Inc (DSX) Receives Average Rating of “Hold” from Brokerages

Shares of Diana Shipping Inc (NYSE:DSX) have earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.75.

A number of analysts have recently issued reports on DSX shares. Zacks Investment Research upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Tuesday, August 14th. Morgan Stanley lifted their price objective on shares of Diana Shipping from $4.00 to $4.50 and gave the company a “$4.41” rating in a research note on Monday, July 23rd. Finally, ValuEngine upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.

Shares of DSX traded up $0.04 during mid-day trading on Friday, reaching $3.94. 1,610 shares of the stock traded hands, compared to its average volume of 200,402. The firm has a market capitalization of $417.10 million, a P/E ratio of -4.99 and a beta of 1.35. Diana Shipping has a 12-month low of $3.07 and a 12-month high of $5.16. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.92.

Institutional investors and hedge funds have recently bought and sold shares of the company. 683 Capital Management LLC purchased a new stake in shares of Diana Shipping during the second quarter valued at approximately $2,109,000. UBS Group AG increased its stake in shares of Diana Shipping by 329.5% in the first quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock worth $1,134,000 after buying an additional 237,727 shares during the last quarter. Barclays PLC increased its stake in shares of Diana Shipping by 26.7% in the first quarter. Barclays PLC now owns 1,028,999 shares of the shipping company’s stock worth $3,766,000 after buying an additional 216,929 shares during the last quarter. A.R.T. Advisors LLC increased its stake in shares of Diana Shipping by 40.9% in the first quarter. A.R.T. Advisors LLC now owns 154,815 shares of the shipping company’s stock worth $566,000 after buying an additional 44,927 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Diana Shipping in the second quarter worth $213,000. Institutional investors own 37.41% of the company’s stock.

About Diana Shipping

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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Analyst Recommendations for Diana Shipping (NYSE:DSX)

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