Diana Shipping (DSX) Trading Up -5.4%
Diana Shipping inc. (NYSE:DSX)’s share price was up 5.4% on Wednesday . The company traded as high as $4.64 and last traded at $4.26. Approximately 646,147 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 587,117 shares. The stock had previously closed at $4.50.
A number of equities analysts have recently weighed in on DSX shares. Zacks Investment Research upgraded Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Thursday, October 19th. Jefferies Group started coverage on Diana Shipping in a research note on Monday, December 18th. They issued a “hold” rating and a $4.50 target price on the stock. Citigroup boosted their target price on Diana Shipping from $2.50 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, October 31st. They noted that the move was a valuation call. ValuEngine downgraded Diana Shipping from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Deutsche Bank restated a “hold” rating on shares of Diana Shipping in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Diana Shipping has a consensus rating of “Hold” and an average target price of $5.00.
The stock has a market capitalization of $444.04, a price-to-earnings ratio of -2.26 and a beta of 1.64.
Several large investors have recently bought and sold shares of the stock. Kopernik Global Investors LLC raised its holdings in Diana Shipping by 8.0% during the 3rd quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock valued at $14,745,000 after acquiring an additional 300,253 shares during the period. Stifel Financial Corp raised its holdings in Diana Shipping by 16.6% during the 2nd quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock valued at $13,569,000 after acquiring an additional 476,967 shares during the period. Russell Investments Group Ltd. raised its holdings in Diana Shipping by 44.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,178,411 shares of the shipping company’s stock valued at $7,908,000 after acquiring an additional 671,587 shares during the period. Royce & Associates LP raised its holdings in Diana Shipping by 4.8% during the 3rd quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock valued at $4,469,000 after acquiring an additional 56,900 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Diana Shipping by 33.1% during the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 76,650 shares during the period. 37.52% of the stock is currently owned by institutional investors.
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About Diana Shipping
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).
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