Diana Shipping inc. (DSX) Rating Reiterated by Deutsche Bank AG
Several other analysts also recently commented on DSX. Citigroup Inc raised their target price on Diana Shipping inc. from $2.50 to $5.00 and gave the company a hold rating in a research note on Tuesday. They noted that the move was a valuation call. Zacks Investment Research downgraded Diana Shipping inc. from a hold rating to a sell rating in a research note on Tuesday, September 26th. ValuEngine downgraded Diana Shipping inc. from a hold rating to a sell rating in a research note on Friday, September 1st. BidaskClub downgraded Diana Shipping inc. from a hold rating to a sell rating in a research note on Sunday, July 30th. Finally, Jefferies Group LLC restated a hold rating and issued a $4.50 target price on shares of Diana Shipping inc. in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Diana Shipping inc. currently has a consensus rating of Hold and a consensus price target of $4.43.
Shares of Diana Shipping inc. (NYSE:DSX) traded down $0.05 during trading on Tuesday, reaching $3.94. The company’s stock had a trading volume of 909,117 shares, compared to its average volume of 654,663. Diana Shipping inc. has a 52-week low of $2.36 and a 52-week high of $6.20.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. lifted its position in Diana Shipping inc. by 10.2% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after acquiring an additional 4,500 shares in the last quarter. State Street Corp lifted its position in Diana Shipping inc. by 15.4% in the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 10,694 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in Diana Shipping inc. in the 2nd quarter valued at about $180,000. Macquarie Group Ltd. lifted its position in Diana Shipping inc. by 33.1% in 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 in the last quarter. Finally, Morgan Stanley lifted its position in Diana Shipping inc. by 99.7% in the 1st quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock valued at $1,464,000 after acquiring an additional 158,283 shares in the last quarter. 37.18% of the stock is currently owned by institutional investors and hedge funds.
About Diana Shipping inc.
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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