Diana Shipping inc. (NYSE:DSX) Position Held by Ingalls & Snyder LLC

Ingalls & Snyder LLC continued to hold its stake in shares of Diana Shipping inc. (NYSE:DSX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,800 shares of the shipping company’s stock at the end of the second quarter. Ingalls & Snyder LLC owned approximately 0.07% of Diana Shipping inc. worth $239,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of Diana Shipping inc. by 16.9% in the second quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock worth $6,117,000 after buying an additional 218,059 shares in the last quarter. Hermes Investment Management Ltd. acquired a new stake in shares of Diana Shipping inc. during the second quarter worth about $1,624,000. DnB Asset Management AS acquired a new stake in shares of Diana Shipping inc. during the second quarter worth about $741,000. Ironwood Investment Management LLC boosted its stake in shares of 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 worth $139,000 after buying an additional 426 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Diana Shipping inc. during the first quarter worth about $205,000. Hedge funds and other institutional investors own 34.73% of the company’s stock.

Diana Shipping inc. (NYSE DSX) traded up 0.25% during midday trading on Friday, reaching $3.97. 272,523 shares of the company’s stock were exchanged. The company’s market cap is $383.86 million. Diana Shipping inc. has a 52 week low of $2.21 and a 52 week high of $6.20. The firm has a 50-day moving average price of $3.99 and a 200 day moving average price of $4.10.

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

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A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC upped their price objective on shares of Diana Shipping inc. from $3.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, April 24th. 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. BidaskClub upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Wednesday, April 26th. Finally, J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently 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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