Renaissance Technologies LLC Lowers Stake in Diana Shipping inc. (DSX)

Renaissance Technologies LLC reduced its stake in shares of Diana Shipping inc. (NYSE:DSX) by 6.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 872,200 shares of the shipping company’s stock after selling 60,300 shares during the period. Renaissance Technologies LLC owned about 1.08% of Diana Shipping inc. worth $4,030,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DSX. Hosking Partners LLP boosted its stake 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 valued at $10,413,000 after buying an additional 819,219 shares in the last quarter. Morgan Stanley raised 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 valued at $1,464,000 after buying an additional 158,283 shares in the last quarter. Horseman Capital Management Ltd purchased a new position in Diana Shipping inc. during the first quarter valued at $469,000. Macquarie Group Ltd. raised its position in Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock valued at $528,000 after buying an additional 50,900 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Diana Shipping inc. by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock valued at $7,900,000 after buying an additional 32,397 shares in the last quarter. 34.73% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping inc. (NYSE:DSX) opened at 3.97 on Friday. The firm has a 50 day moving average of $3.99 and a 200-day moving average of $4.10. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20. The company’s market capitalization is $383.86 million.

Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.01. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The company had revenue of $37.75 million during the quarter, compared to analyst estimates of $36.21 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. The company’s revenue was up 33.3% compared to the same quarter last year. On average, equities research analysts anticipate that Diana Shipping inc. will post ($0.97) earnings per share for the current fiscal year.

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Several brokerages recently commented on DSX. Zacks Investment Research downgraded shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. BidaskClub downgraded shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and issued a $5.25 price objective on shares of Diana Shipping inc. in a report on Wednesday, July 19th. Jefferies Group LLC boosted their price objective on shares of Diana Shipping inc. from $3.50 to $5.00 and gave the company a “hold” rating in a report on Monday, April 24th. Finally, J P Morgan Chase & Co raised shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Diana Shipping inc. presently has an average rating of “Hold” and a consensus price target of $4.07.

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).

Institutional Ownership by Quarter for Diana Shipping inc. (NYSE:DSX)

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