Deutsche Bank AG reiterated their hold rating on shares of Diana Shipping inc. (NYSE:DSX) in a research report released on Wednesday.
DSX has been the subject of a number of other reports. Jefferies Group restated a hold rating on shares of Diana Shipping inc. in a report on Tuesday, September 6th. Zacks Investment Research downgraded shares of Diana Shipping inc. from a hold rating to a sell rating in a report on Tuesday. Finally, Seaport Global Securities started coverage on shares of Diana Shipping inc. in a report on Tuesday, August 2nd. They issued a neutral rating and a $3.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Diana Shipping inc. has a consensus rating of Hold and a consensus target price of $4.00.
Shares of Diana Shipping inc. (NYSE:DSX) traded down 0.36% during trading on Wednesday, hitting $2.78. The company had a trading volume of 84,671 shares. Diana Shipping inc. has a 12-month low of $1.95 and a 12-month high of $7.29. The stock’s market capitalization is $223.88 million. The stock has a 50-day moving average of $2.55 and a 200 day moving average of $2.63.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. The firm earned $28.30 million during the quarter, compared to analyst estimates of $28.07 million. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The business’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) EPS. On average, analysts predict that Diana Shipping inc. will post ($1.65) EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock worth $248,000 after buying an additional 21,750 shares during the period. Parametric Portfolio Associates LLC boosted its stake 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 during the period. State Street Corp boosted its stake in shares of Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock worth $275,000 after buying an additional 2,490 shares during the period. Ingalls & Snyder LLC acquired a new stake in shares of Diana Shipping inc. during the second quarter worth $143,000. Finally, Kopernik Global Investors LLC boosted its stake 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 during the period. 45.18% of the stock is currently owned by institutional investors.
Diana Shipping inc. Company Profile
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.