12.2% Stake of Diana Containerships Inc. (NASDAQ:DCIX) Owned by Peter Gyllenhammar Ab

Peter Gyllenhammar Ab

recently revealed that they own a 12.2% stake in Diana Containerships Inc. (NASDAQ:DCIX) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Tuesday, July 25th. The investor owns 530,010 shares of the stock worth $248,045. The disclosure is available through Edgar at this hyperlink.

Peter Gyllenhammar Ab

provided the following explanation of their ownership:

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Separately, Renaissance Technologies LLC increased its position in shares of Diana Containerships by 94.4% in the fourth quarter. Renaissance Technologies LLC now owns 231,485 shares of the shipping company’s stock valued at $644,000 after buying an additional 112,400 shares in the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Diana Containerships Inc. (NASDAQ DCIX) opened at 0.468 on Friday. The firm’s market cap is $153504.00. Diana Containerships Inc. has a 12-month low of $0.32 and a 12-month high of $1,099.14. The stock’s 50 day moving average price is $3.14 and its 200-day moving average price is $1.83.

Diana Containerships (NASDAQ:DCIX) last posted its quarterly earnings data on Tuesday, July 25th. The shipping company reported ($19.62) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($35.28) by $15.66. Diana Containerships had a negative net margin of 467.42% and a negative return on equity of 27.46%. The business had revenue of $5.50 million during the quarter, compared to the consensus estimate of $6.80 million. During the same period in the previous year, the firm posted ($5.28) earnings per share. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. Equities research analysts anticipate that Diana Containerships Inc. will post ($135.66) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research cut Diana Containerships from a “buy” rating to a “hold” rating in a report on Monday, April 17th.

In related news, insider Gyllenhammar Ab Peter sold 350,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $0.23, for a total transaction of $80,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Diana Containerships Company Profile

Diana Containerships Inc is a holding company. The Company, through its subsidiaries, is engaged in the ownership of containerships. As of December 31, 2016, the Company’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU).

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