Diana Shipping (NYSE:DSX – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other equities analysts have also recently commented on DSX. Zacks Investment Research upgraded shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 1st. TheStreet upgraded shares of Diana Shipping from a “d+” rating to a “c-” rating in a report on Tuesday, March 1st. Finally, Jefferies Financial Group began coverage on shares of Diana Shipping in a report on Wednesday, April 27th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.63.
NYSE DSX opened at $5.17 on Thursday. Diana Shipping has a twelve month low of $3.31 and a twelve month high of $6.36. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.84 and a current ratio of 1.93. The stock has a market cap of $473.24 million, a price-to-earnings ratio of 8.21 and a beta of 1.03. The firm’s 50 day moving average price is $4.99 and its two-hundred day moving average price is $4.47.
Diana Shipping (NYSE:DSX – Get Rating) last posted its quarterly earnings results on Friday, February 25th. The shipping company reported $0.30 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $65.81 million. During the same period in the previous year, the company posted ($0.08) EPS. On average, research analysts forecast that Diana Shipping will post 1.5 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of DSX. Morgan Stanley boosted its holdings in Diana Shipping by 118.1% in the third quarter. Morgan Stanley now owns 1,588,794 shares of the shipping company’s stock worth $9,088,000 after purchasing an additional 860,453 shares in the last quarter. Dorsey Wright & Associates boosted its holdings in Diana Shipping by 6,848.7% in the fourth quarter. Dorsey Wright & Associates now owns 686,875 shares of the shipping company’s stock worth $2,672,000 after purchasing an additional 676,990 shares in the last quarter. Millennium Management LLC lifted its position in Diana Shipping by 179.9% during the 3rd quarter. Millennium Management LLC now owns 796,616 shares of the shipping company’s stock worth $4,557,000 after acquiring an additional 511,965 shares during the last quarter. Two Sigma Advisers LP lifted its position in Diana Shipping by 97.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,020,071 shares of the shipping company’s stock worth $5,835,000 after acquiring an additional 502,279 shares during the last quarter. Finally, Hosking Partners LLP lifted its position in Diana Shipping by 6.2% during the 4th quarter. Hosking Partners LLP now owns 5,218,653 shares of the shipping company’s stock worth $20,301,000 after acquiring an additional 305,181 shares during the last quarter. Hedge funds and other institutional investors own 36.88% of the company’s stock.
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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