Diana Shipping Inc. (NYSE:DSX – Get Rating) – Equities research analysts at Jefferies Financial Group raised their FY2022 earnings per share estimates for shares of Diana Shipping in a research note issued on Wednesday, April 27th. Jefferies Financial Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of $1.51 for the year, up from their prior forecast of $1.48. Jefferies Financial Group currently has a “Hold” rating on the stock.
A number of other equities research analysts also recently weighed in on DSX. TheStreet raised shares of Diana Shipping from a “d+” rating to a “c-” rating in a research report on Tuesday, March 1st. Zacks Investment Research raised shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Finally, StockNews.com began coverage on shares of Diana Shipping in a research note on Thursday, March 31st. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.63.
Shares of NYSE:DSX opened at $4.66 on Monday. Diana Shipping has a fifty-two week low of $3.31 and a fifty-two week high of $6.36. The firm has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $4.48. The company has a market cap of $426.55 million, a PE ratio of 7.40 and a beta of 0.99.
Diana Shipping (NYSE:DSX – Get Rating) last announced its quarterly earnings data on Friday, February 25th. The shipping company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Diana Shipping had a net margin of 26.79% and a return on equity of 10.32%. The business had revenue of $68.02 million during the quarter, compared to the consensus estimate of $65.81 million. During the same quarter in the prior year, the firm earned ($0.08) EPS.
The company also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Wednesday, March 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 17.17%. The ex-dividend date of this dividend was Tuesday, March 8th. Diana Shipping’s payout ratio is 126.99%.
Large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Diana Shipping by 9.7% during the 3rd quarter. Renaissance Technologies LLC now owns 1,429,419 shares of the shipping company’s stock valued at $8,176,000 after purchasing an additional 126,400 shares in the last quarter. Toroso Investments LLC bought a new position in Diana Shipping during the 3rd quarter valued at $62,000. Veracity Capital LLC bought a new position in Diana Shipping during the 4th quarter valued at $57,000. Vestmark Advisory Solutions Inc. bought a new position in Diana Shipping during the 4th quarter valued at $187,000. Finally, Quadrature Capital Ltd boosted its stake in Diana Shipping by 11.1% during the 3rd quarter. Quadrature Capital Ltd now owns 65,290 shares of the shipping company’s stock valued at $374,000 after purchasing an additional 6,530 shares in the last quarter. 21.79% of the stock is owned by institutional investors.
About Diana Shipping (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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