Diana Shipping inc. (NYSE:DSX) had its price objective reduced by Jefferies Group LLC from $5.00 to $4.50 in a research note issued to investors on Thursday, May 25th. Jefferies Group LLC currently has a hold rating on the shipping company’s stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Diana Shipping inc. from a hold rating to a buy rating and set a $6.25 price target on the stock in a research note on Tuesday, April 18th. Nordea Equity Research upgraded shares of Diana Shipping inc. from a hold rating to a buy rating in a research note on Friday, January 27th. Credit Suisse Group set a $3.00 price objective on shares of Diana Shipping inc. and gave the stock a hold rating in a report on Saturday, April 22nd. Finally, J P Morgan Chase & Co raised shares of Diana Shipping inc. from a neutral rating to an overweight rating and set a $8.00 price objective on the stock in a report on Friday, April 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $4.32.
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Diana Shipping inc. (NYSE:DSX) traded up 0.27% during mid-day trading on Thursday, hitting $3.67. The company’s stock had a trading volume of 469,446 shares. Diana Shipping inc. has a 12-month low of $2.11 and a 12-month high of $6.20. The firm’s 50-day moving average is $3.80 and its 200-day moving average is $3.96. The company’s market cap is $298.20 million.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. Diana Shipping inc. had a negative net margin of 138.84% and a negative return on equity of 15.25%. The business had revenue of $31.30 million for the quarter, compared to analyst estimates of $28.69 million. During the same period in the previous year, the business posted ($0.41) earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Analysts predict that Diana Shipping inc. will post ($1.00) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Ironwood Investment Management LLC raised its stake in Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock valued at $139,000 after buying an additional 426 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Diana Shipping inc. during the first quarter worth $205,000. Morgan Stanley increased its position in Diana Shipping inc. by 99.7% in the first quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock worth $1,464,000 after buying an additional 158,283 shares during the period. Geode Capital Management LLC bought a new position in Diana Shipping inc. during the first quarter worth approximately $167,000. Finally, Hosking Partners LLP increased its position in Diana Shipping inc. by 57.1% in the first quarter. Hosking Partners LLP now owns 2,253,848 shares of the shipping company’s stock worth $10,413,000 after buying an additional 819,219 shares during the period. 33.79% of the stock is owned by institutional investors.
Source: Zacks