Diana Shipping inc. (DSX) Trading 3.5% Higher
Shares of Diana Shipping inc. (NYSE:DSX) traded up 3.5% during mid-day trading on Monday . The company traded as high as $2.64 and last traded at $2.63, with a volume of 324,840 shares changing hands. The stock had previously closed at $2.54.
A number of analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating on shares of Diana Shipping inc. in a report on Tuesday, September 6th. Seaport Global Securities started coverage on shares of Diana Shipping inc. in a report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 target price on the stock. Finally, Deutsche Bank AG upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating and boosted their target price for the stock from $1.50 to $2.50 in a report on Friday, August 26th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $4.00.
The company has a 50-day moving average price of $2.49 and a 200-day moving average price of $2.64. The company’s market capitalization is $212.61 million.
Diana Shipping inc. (NYSE:DSX) last issued its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. Diana Shipping inc. had a negative return on equity of 8.54% and a negative net margin of 75.27%. The firm earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. During the same quarter in the prior year, the business earned ($0.19) earnings per share. Diana Shipping inc.’s revenue for the quarter was down 26.7% on a year-over-year basis. Equities analysts predict that Diana Shipping inc. will post ($1.65) EPS for the current year.
Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Diana Shipping inc. by 28.8% in the first quarter. Franklin Resources Inc. now owns 14,202,220 shares of the company’s stock worth $37,920,000 after buying an additional 3,179,638 shares in the last quarter. Kopernik Global Investors LLC boosted its position in shares of Diana Shipping inc. by 36.1% in the second quarter. Kopernik Global Investors LLC now owns 4,261,540 shares of the company’s stock worth $10,357,000 after buying an additional 1,130,571 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Diana Shipping inc. by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,789,768 shares of the company’s stock worth $4,349,000 after buying an additional 175,021 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Diana Shipping inc. during the second quarter worth about $3,879,000. Finally, Royce & Associates LP boosted its position in shares of Diana Shipping inc. by 3.0% in the second quarter. Royce & Associates LP now owns 1,199,433 shares of the company’s stock worth $2,915,000 after buying an additional 35,000 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.
About Diana Shipping inc.
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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