Equities research analysts at Jefferies Financial Group began coverage on shares of Diana Shipping (NYSE:DSX – Get Rating) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “buy” rating and a $7.00 price target on the shipping company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 36.99% from the company’s current price.
Other analysts also recently issued research reports about the stock. Clarkson Capital reiterated a “buy” rating on shares of Diana Shipping in a report on Tuesday, June 14th. StockNews.com downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Finally, Stifel Nicolaus dropped their price target on shares of Diana Shipping from $8.00 to $7.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.83.
Diana Shipping Trading Up 0.4 %
DSX opened at $5.11 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.93 and a quick ratio of 1.84. The company’s 50 day simple moving average is $5.27 and its two-hundred day simple moving average is $4.82. Diana Shipping has a 1-year low of $3.31 and a 1-year high of $6.89. The firm has a market capitalization of $467.77 million, a price-to-earnings ratio of 5.27 and a beta of 1.09.
Diana Shipping (NYSE:DSX – Get Rating) last released its earnings results on Tuesday, May 24th. The shipping company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Diana Shipping had a net margin of 35.44% and a return on equity of 17.10%. During the same period last year, the business posted ($0.03) EPS. Analysts expect that Diana Shipping will post 1.57 EPS for the current fiscal year.
Hedge Funds Weigh In On Diana Shipping
Large investors have recently bought and sold shares of the business. Walleye Capital LLC acquired a new stake in shares of Diana Shipping during the 1st quarter worth about $563,000. Toroso Investments LLC raised its position in shares of Diana Shipping by 89.5% during the 1st quarter. Toroso Investments LLC now owns 23,132 shares of the shipping company’s stock worth $125,000 after acquiring an additional 10,922 shares in the last quarter. Walleye Trading LLC acquired a new stake in shares of Diana Shipping during the 1st quarter worth about $98,000. Quantbot Technologies LP acquired a new stake in shares of Diana Shipping during the 1st quarter worth about $120,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Diana Shipping by 187.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 186,727 shares of the shipping company’s stock worth $1,008,000 after acquiring an additional 121,773 shares in the last quarter. Hedge funds and other institutional investors own 36.88% of the company’s stock.
About Diana Shipping
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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.
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