Diana Containerships Inc. (DCIX) Cut to “Hold” at BB&T Corp.

Diana Containerships Inc. (NASDAQ:DCIX) was downgraded by stock analysts at BB&T Corp. from a “buy” rating to a “hold” rating in a report released on Wednesday.

An institutional investor recently raised its position in Diana Containerships stock. Renaissance Technologies LLC raised its position in shares of Diana Containerships Inc. (NASDAQ:DCIX) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 791,300 shares of the company’s stock after buying an additional 47,000 shares during the period. Renaissance Technologies LLC owned 1.07% of Diana Containerships worth $459,000 as of its most recent filing with the SEC.

Diana Containerships (NASDAQ:DCIX) traded down 12.06% during trading on Wednesday, hitting $3.50. The company had a trading volume of 55,211 shares. Diana Containerships has a one year low of $2.48 and a one year high of $16.80. The company’s market capitalization is $32.76 million. The stock has a 50-day moving average of $3.84 and a 200 day moving average of $4.61.

Diana Containerships (NASDAQ:DCIX) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.29. The business earned $7.99 million during the quarter, compared to analysts’ expectations of $10.76 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was down 53.9% on a year-over-year basis. Equities analysts forecast that Diana Containerships will post ($2.47) EPS for the current fiscal year.

Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Diana Containerships from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Jefferies Group restated a “buy” rating on shares of Diana Containerships in a research note on Wednesday, July 6th. Finally, Wells Fargo & Co. restated a “sell” rating on shares of Diana Containerships in a research note on Wednesday, May 18th.

Diana Containerships Inc is engaged in the business of ownership of containerships. The Company is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited (UOT), a subsidiary of the Company. UOT provides the Company and its vessels with management and administrative services.