Shares of Diana Shipping Inc. (NYSE:DSX – Get Rating) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.25.
A number of research firms recently commented on DSX. TheStreet upgraded Diana Shipping from a “d+” rating to a “c-” rating in a report on Tuesday, March 1st. Zacks Investment Research upgraded Diana Shipping from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 1st. Jefferies Financial Group increased their price target on Diana Shipping from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Friday, February 25th. Finally, StockNews.com began coverage on Diana Shipping in a report on Thursday, March 31st. They issued a “buy” rating for the company.
NYSE DSX opened at $5.07 on Friday. The stock has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $4.51. The company has a market capitalization of $464.08 million, a PE ratio of 8.05 and a beta of 0.99. Diana Shipping has a 12 month low of $3.31 and a 12 month high of $6.36.
Diana Shipping (NYSE:DSX – Get Rating) last released its quarterly earnings data on Friday, February 25th. The shipping company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $68.02 million during the quarter, compared to the consensus estimate of $65.81 million. Diana Shipping had a return on equity of 10.32% and a net margin of 26.79%. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts predict that Diana Shipping will post 1.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Wednesday, March 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 8th. This represents a $0.80 annualized dividend and a dividend yield of 15.78%. Diana Shipping’s dividend payout ratio (DPR) is currently 126.99%.
Several hedge funds have recently bought and sold shares of the company. Lesa Sroufe & Co boosted its position in shares of Diana Shipping by 2.5% during the first quarter. Lesa Sroufe & Co now owns 629,948 shares of the shipping company’s stock worth $2,236,000 after buying an additional 15,209 shares during the period. Shilanski & Associates Inc. boosted its position in shares of Diana Shipping by 39.8% during the first quarter. Shilanski & Associates Inc. now owns 32,910 shares of the shipping company’s stock worth $178,000 after buying an additional 9,363 shares during the period. Abacus Planning Group Inc. boosted its position in shares of Diana Shipping by 27.9% during the first quarter. Abacus Planning Group Inc. now owns 21,045 shares of the shipping company’s stock worth $114,000 after buying an additional 4,590 shares during the period. Barclays PLC boosted its position in shares of Diana Shipping by 28.2% during the fourth quarter. Barclays PLC now owns 17,821 shares of the shipping company’s stock worth $69,000 after buying an additional 3,921 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Diana Shipping by 13.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,816,916 shares of the shipping company’s stock worth $7,068,000 after buying an additional 221,227 shares during the period. 21.79% of the stock is owned by institutional investors.
Diana Shipping Company Profile (Get Rating)
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of February 16, 2022, it operated a fleet of 34 dry bulk vessels, including 4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.
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