Diana Shipping Inc (DSX) Given Consensus Recommendation of “Hold” by Brokerages

Diana Shipping Inc (NYSE:DSX) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.70.

DSX has been the subject of several recent research reports. ValuEngine upgraded Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Seaport Global Securities reiterated a “neutral” rating on shares of Diana Shipping in a research note on Friday, February 23rd. Zacks Investment Research cut Diana Shipping from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Pareto Securities upgraded Diana Shipping from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Finally, Morgan Stanley cut their price target on Diana Shipping from $4.50 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 17th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Hosking Partners LLP lifted its stake in Diana Shipping by 6.9% during the fourth quarter. Hosking Partners LLP now owns 3,811,870 shares of the shipping company’s stock worth $15,514,000 after purchasing an additional 245,825 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Diana Shipping by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 117,745 shares of the shipping company’s stock worth $480,000 after purchasing an additional 31,686 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in Diana Shipping by 7.8% during the fourth quarter. Chartwell Investment Partners LLC now owns 510,270 shares of the shipping company’s stock worth $2,077,000 after purchasing an additional 36,764 shares during the last quarter. Royce & Associates LP lifted its stake in Diana Shipping by 11.1% during the fourth quarter. Royce & Associates LP now owns 1,368,233 shares of the shipping company’s stock worth $5,569,000 after purchasing an additional 137,000 shares during the last quarter. Finally, Virtu Financial LLC lifted its stake in Diana Shipping by 804.7% during the fourth quarter. Virtu Financial LLC now owns 120,230 shares of the shipping company’s stock worth $489,000 after purchasing an additional 106,940 shares during the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Shares of DSX stock traded up $0.02 during trading on Thursday, hitting $4.68. The company had a trading volume of 6,634 shares, compared to its average volume of 515,366. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.94. The stock has a market cap of $495.63 million, a P/E ratio of -5.92, a price-to-earnings-growth ratio of 57.48 and a beta of 1.24. Diana Shipping has a one year low of $3.07 and a one year high of $5.13.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Thursday, May 10th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.08. The business had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $46.01 million. Diana Shipping had a negative return on equity of 7.11% and a negative net margin of 272.83%. The firm’s revenue for the quarter was up 54.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.34) earnings per share. analysts forecast that Diana Shipping will post 0.02 EPS for the current year.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

Analyst Recommendations for Diana Shipping (NYSE:DSX)

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