Diana Shipping inc. (DSX) Upgraded to Hold by Zacks Investment Research

Diana Shipping inc. (NYSE:DSX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus restated a “hold” rating and issued a $5.25 price objective on shares of Diana Shipping inc. in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. ValuEngine upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $4.50 price objective on shares of Diana Shipping inc. in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.33.

Shares of Diana Shipping inc. (NYSE DSX) traded down 1.72% during trading on Tuesday, reaching $4.00. The company had a trading volume of 432,928 shares. The firm has a 50-day moving average of $3.97 and a 200 day moving average of $4.09. The firm’s market capitalization is $386.76 million. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the 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 quarter in the prior year, the company earned ($0.41) EPS. The business’s revenue was up 33.3% on a year-over-year basis. Analysts expect that Diana Shipping inc. will post ($0.96) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Diana Shipping inc. (DSX) Upgraded to Hold by Zacks Investment Research” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/diana-shipping-inc-dsx-upgraded-to-hold-by-zacks-investment-research-2.html.

Several large investors have recently made changes to their positions in the company. Ironwood Investment Management LLC raised its holdings 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 valued at $139,000 after buying an additional 426 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after buying an additional 4,500 shares during the last quarter. State Street Corp raised its holdings in shares of Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after buying an additional 10,694 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Diana Shipping inc. in the second quarter valued at about $180,000. Finally, Macquarie Group Ltd. raised its holdings in shares of Diana Shipping inc. by 33.1% in the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after buying an additional 76,650 shares during the last quarter. 37.31% of the stock is owned by institutional investors and hedge funds.

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).

ValuEngine upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $4.50 price objective on shares of Diana Shipping inc. in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.33.

Shares of Diana Shipping inc. (NYSE DSX) traded down 1.72% during trading on Tuesday, reaching $4.00. The company had a trading volume of 432,928 shares. The firm has a 50-day moving average of $3.97 and a 200 day moving average of $4.09. The firm’s market capitalization is $386.76 million. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20.

Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the 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 quarter in the prior year, the company earned ($0.41) EPS. The business’s revenue was up 33.3% on a year-over-year basis. Analysts expect that Diana Shipping inc. will post ($0.96) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Diana Shipping inc. (DSX) Upgraded to Hold by Zacks Investment Research” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/diana-shipping-inc-dsx-upgraded-to-hold-by-zacks-investment-research-2.html.

Several large investors have recently made changes to their positions in the company. Ironwood Investment Management LLC raised its holdings 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 valued at $139,000 after buying an additional 426 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Diana Shipping inc. by 10.2% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock valued at $198,000 after buying an additional 4,500 shares during the last quarter. State Street Corp raised its holdings in shares of Diana Shipping inc. by 15.4% in the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after buying an additional 10,694 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Diana Shipping inc. in the second quarter valued at about $180,000. Finally, Macquarie Group Ltd. raised its holdings in shares of Diana Shipping inc. by 33.1% in the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after buying an additional 76,650 shares during the last quarter. 37.31% of the stock is owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Diana Shipping inc. (NYSE:DSX)

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