Diana Shipping’s (DSX) Hold Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Diana Shipping (NYSE:DSX) in a report issued on Monday, Benzinga reports.

A number of other equities research analysts have also recently issued reports on DSX. Stifel Nicolaus raised Diana Shipping from a hold rating to a buy rating and upped their target price for the stock from $2.25 to $3.50 in a research report on Monday, February 1st. Zacks Investment Research upgraded Diana Shipping from a sell rating to a hold rating in a report on Wednesday, February 3rd. Finally, BTIG Research began coverage on Diana Shipping in a report on Monday, February 8th. They set a buy rating and a $5.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $2.82.

Shares of Diana Shipping stock opened at $3.02 on Monday. The stock has a market capitalization of $275.40 million, a P/E ratio of -1.79 and a beta of 1.41. The stock has a 50 day moving average price of $2.59 and a two-hundred day moving average price of $1.81. Diana Shipping has a 12-month low of $1.25 and a 12-month high of $3.78.

Diana Shipping (NYSE:DSX) last announced its earnings results on Sunday, November 22nd. The shipping company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The company had revenue of $39.40 million for the quarter, compared to the consensus estimate of $40.65 million. Diana Shipping had a negative return on equity of 5.63% and a negative net margin of 78.81%. Analysts expect that Diana Shipping will post -0.38 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in shares of Diana Shipping in the fourth quarter valued at $58,000. Renaissance Technologies LLC raised its stake in shares of Diana Shipping by 37.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,681,019 shares of the shipping company’s stock valued at $3,244,000 after purchasing an additional 461,300 shares in the last quarter. Kopernik Global Investors LLC raised its stake in shares of Diana Shipping by 5.8% in the fourth quarter. Kopernik Global Investors LLC now owns 6,331,923 shares of the shipping company’s stock valued at $12,221,000 after purchasing an additional 346,164 shares in the last quarter. Sei Investments Co. raised its stake in shares of Diana Shipping by 3.2% in the fourth quarter. Sei Investments Co. now owns 443,857 shares of the shipping company’s stock valued at $857,000 after purchasing an additional 13,831 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Diana Shipping by 393.2% in the fourth quarter. GSA Capital Partners LLP now owns 152,799 shares of the shipping company’s stock valued at $295,000 after purchasing an additional 121,820 shares in the last quarter. Institutional investors and hedge funds own 24.65% 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 March 31, 2020, it operated a fleet of 41 dry bulk vessels comprising 4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 14 Panamax vessels.

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