Diana Shipping Inc. (DSX) Given Consensus Recommendation of “Hold” by Analysts
Diana Shipping Inc. (NYSE:DSX) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the stock. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.25.
DSX has been the subject of several recent analyst reports. Jefferies Group LLC raised their target price on Diana Shipping from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Monday, January 23rd. Zacks Investment Research cut Diana Shipping from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. Finally, Nordea Equity Research raised Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, January 27th.
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Shares of Diana Shipping (NYSE:DSX) opened at 4.55 on Thursday. The firm’s market cap is $367.43 million. Diana Shipping has a 1-year low of $2.11 and a 1-year high of $4.97. The stock has a 50 day moving average price of $3.98 and a 200-day moving average price of $3.25.
Diana Shipping (NYSE:DSX) last issued its earnings results on Tuesday, February 14th. The company reported ($0.31) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.08. The business earned $28 million during the quarter, compared to analysts’ expectations of $28.28 million. Diana Shipping had a negative return on equity of 14.09% and a negative net margin of 131.28%. Diana Shipping’s revenue was down 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.30) earnings per share. On average, equities research analysts expect that Diana Shipping will post ($1.27) earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. 12 West Capital Management LP purchased a new stake in Diana Shipping during the fourth quarter worth about $13,379,000. Kopernik Global Investors LLC boosted its stake in Diana Shipping by 1.4% in the third quarter. Kopernik Global Investors LLC now owns 4,319,723 shares of the company’s stock worth $11,318,000 after buying an additional 58,183 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Diana Shipping during the fourth quarter worth about $4,491,000. Renaissance Technologies LLC boosted its stake in Diana Shipping by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 932,500 shares of the company’s stock worth $2,816,000 after buying an additional 79,500 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Diana Shipping by 14.0% in the fourth quarter. Royce & Associates LP now owns 876,933 shares of the company’s stock worth $2,648,000 after buying an additional 107,500 shares during the last quarter. 42.91% of the stock is owned by hedge funds and other institutional investors.
About Diana Shipping
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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