Diamond S Shipping Inc (NYSE:DSSI) Major Shareholder Recovery Fund Iv Dss Aiv Wlr Sells 99,130 Shares

Diamond S Shipping Inc (NYSE:DSSI) major shareholder Recovery Fund Iv Dss Aiv Wlr sold 99,130 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $14.47, for a total transaction of $1,434,411.10. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Recovery Fund Iv Dss Aiv Wlr also recently made the following trade(s):

  • On Monday, November 25th, Recovery Fund Iv Dss Aiv Wlr sold 660,870 shares of Diamond S Shipping stock. The stock was sold at an average price of $13.48, for a total transaction of $8,908,527.60.

Shares of DSSI stock opened at $14.87 on Friday. Diamond S Shipping Inc has a 12-month low of $9.60 and a 12-month high of $16.60. The business has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $12.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.81.

Diamond S Shipping (NYSE:DSSI) last posted its earnings results on Wednesday, November 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The company had revenue of $141.53 million during the quarter, compared to analysts’ expectations of $153.06 million. Equities research analysts anticipate that Diamond S Shipping Inc will post 0.65 EPS for the current year.

Several brokerages recently weighed in on DSSI. Zacks Investment Research downgraded shares of Diamond S Shipping from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Jefferies Financial Group assumed coverage on shares of Diamond S Shipping in a research report on Thursday, October 10th. They issued a “buy” rating and a $19.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Diamond S Shipping currently has a consensus rating of “Buy” and a consensus target price of $19.40.

A number of hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of Diamond S Shipping by 610.8% in the third quarter. Tower Research Capital LLC TRC now owns 6,575 shares of the company’s stock worth $73,000 after purchasing an additional 5,650 shares in the last quarter. Strs Ohio bought a new stake in shares of Diamond S Shipping during the second quarter valued at about $75,000. Morgan Stanley bought a new stake in shares of Diamond S Shipping during the second quarter valued at about $105,000. Russell Investments Group Ltd. bought a new stake in shares of Diamond S Shipping during the third quarter valued at about $115,000. Finally, Eagle Boston Investment Management Inc. acquired a new stake in Diamond S Shipping in the second quarter worth about $144,000. Institutional investors own 65.31% of the company’s stock.

About Diamond S Shipping

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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