Zacks Investment Research currently has $4.25 price objective on the shipping company’s stock.
According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “
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DSX has been the subject of several other reports. J P Morgan Chase & Co upgraded Diana Shipping inc. from a neutral rating to an overweight rating and set a $8.00 target price for the company in a research note on Friday, April 7th. Stifel Nicolaus reiterated a hold rating and issued a $5.25 target price on shares of Diana Shipping inc. in a research note on Friday, May 26th. BidaskClub lowered Diana Shipping inc. from a buy rating to a hold rating in a research note on Saturday, July 8th. ValuEngine upgraded Diana Shipping inc. from a sell rating to a hold rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC dropped their target price on Diana Shipping inc. from $5.00 to $4.50 and set a hold rating for the company in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $3.94.
Shares of Diana Shipping inc. (DSX) traded up 3.94\% during mid-day trading on Tuesday, hitting $4.22. The company’s stock had a trading volume of 714,738 shares. The stock has a 50-day moving average of $3.79 and a 200-day moving average of $4.00. Diana Shipping inc. has a 12-month low of $2.21 and a 12-month high of $6.20. The company’s market cap is $342.89 million.
Diana Shipping inc. (NYSE:DSX) last released its earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. The firm had revenue of $31.30 million during the quarter, compared to analyst estimates of $28.69 million. Diana Shipping inc. had a negative return on equity of 15.25\% and a negative net margin of 138.84\%. The business’s quarterly revenue was up 1.6\% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.41) earnings per share. On average, equities research analysts forecast that Diana Shipping inc. will post ($0.99) EPS for the current year.
A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Diana Shipping inc. by 9.3\% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the shipping company’s stock valued at $2,816,000 after buying an additional 79,500 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Diana Shipping inc. by 41.1\% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock valued at $528,000 after buying an additional 50,900 shares during the last quarter. Horseman Capital Management Ltd bought a new stake in shares of Diana Shipping inc. during the first quarter valued at $469,000. Parametric Portfolio Associates LLC increased its stake in shares of Diana Shipping inc. by 1.9\% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares during the last quarter. Finally, Phoenix Investment Adviser LLC increased its stake in shares of Diana Shipping inc. by 11.2\% in the first quarter. Phoenix Investment Adviser LLC now owns 199,201 shares of the shipping company’s stock valued at $920,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 33.97\% of the company’s stock.
Source: Zacks
