Diana Shipping (NYSE:DSX) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday, December 1st.
Several other equities research analysts have also recently weighed in on DSX. Pareto Securities raised Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research cut Diana Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Jefferies Group reaffirmed a “hold” rating and issued a $4.50 target price on shares of Diana Shipping in a research report on Thursday, September 7th. Citigroup raised their target price on Diana Shipping from $2.50 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, October 31st. They noted that the move was a valuation call. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Diana Shipping in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Diana Shipping currently has a consensus rating of “Hold” and a consensus target price of $5.00.
Diana Shipping (DSX) opened at $3.95 on Friday. Diana Shipping has a twelve month low of $2.74 and a twelve month high of $6.20.
A number of institutional investors have recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. boosted its holdings in Diana Shipping by 10.2% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after buying an additional 4,500 shares during the last quarter. State Street Corp boosted its holdings in Diana Shipping by 15.4% during the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after buying an additional 10,694 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in Diana Shipping during the second quarter worth about $180,000. Royce & Associates LP boosted its holdings in Diana Shipping by 4.8% during the third quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock worth $4,469,000 after buying an additional 56,900 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Diana Shipping by 33.1% during the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after buying an additional 76,650 shares during the last quarter. Institutional investors and hedge funds own 37.57% of the company’s stock.
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About Diana Shipping
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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