Jefferies Group began coverage on shares of Diana Shipping (NYSE:DSX) in a research report released on Monday morning. The firm issued a hold rating and a $4.50 price target on the shipping company’s stock.

DSX has been the subject of a number of other research reports. Zacks Investment Research cut Diana Shipping from a hold rating to a sell rating in a report on Tuesday, September 26th. Pareto Securities upgraded Diana Shipping from a hold rating to a buy rating in a report on Friday, September 8th. Stifel Nicolaus set a $5.00 price objective on Diana Shipping and gave the stock a hold rating in a report on Sunday, October 22nd. ValuEngine cut Diana Shipping from a hold rating to a sell rating in a report on Friday, September 1st. Finally, Deutsche Bank reiterated a hold rating on shares of Diana Shipping in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $5.00.

Shares of Diana Shipping (DSX) opened at $4.09 on Monday. Diana Shipping has a 1-year low of $2.97 and a 1-year high of $6.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Virtu KCG Holdings LLC acquired a new stake in shares of Diana Shipping in the second quarter valued at approximately $180,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Diana Shipping by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after buying an additional 4,500 shares in the last quarter. State Street Corp raised its position in shares of Diana Shipping by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after buying an additional 10,694 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of Diana Shipping in the second quarter valued at approximately $856,000. Finally, Macquarie Group Ltd. raised its position in shares of Diana Shipping by 33.1% in the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after buying an additional 76,650 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.

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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).

Analyst Recommendations for Diana Shipping (NYSE:DSX)

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