Diana Shipping inc. (DSX) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Diana Shipping inc. (NYSE:DSX) from a sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “

Several other research analysts have also recently issued reports on DSX. Jefferies Group LLC dropped their price target on Diana Shipping inc. from $5.00 to $4.50 and set a hold rating on the stock in a report on Thursday, May 25th. Stifel Nicolaus reaffirmed a hold rating and issued a $5.25 price target on shares of Diana Shipping inc. in a report on Friday, May 26th. ValuEngine raised Diana Shipping inc. from a sell rating to a hold rating in a report on Tuesday, June 13th. J P Morgan Chase & Co raised Diana Shipping inc. from a neutral rating to an overweight rating in a report on Tuesday, July 4th. Finally, BidaskClub cut Diana Shipping inc. from a buy rating to a hold rating in a report on Saturday, July 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $4.33.

Shares of Diana Shipping inc. (NYSE:DSX) opened at 4.05 on Tuesday. Diana Shipping inc. has a one year low of $2.36 and a one year high of $6.20. The firm’s market cap is $391.60 million. The firm’s 50-day moving average price is $3.99 and its 200-day moving average price is $4.11.

Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $37.75 million during the quarter, compared to the consensus estimate of $36.21 million. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. Diana Shipping inc.’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.41) EPS. Equities research analysts expect that Diana Shipping inc. will post ($0.96) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the business. Ironwood Investment Management LLC raised its stake in Diana Shipping inc. by 1.4% during the 1st quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock valued at $139,000 after purchasing an additional 426 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in Diana Shipping inc. during the 1st quarter valued at $205,000. Virtu KCG Holdings LLC acquired a new stake in Diana Shipping inc. during the 2nd quarter valued at $180,000. State Street Corp raised its stake in Diana Shipping inc. by 15.4% during the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 10,694 shares during the period. Finally, DnB Asset Management AS acquired a new stake in Diana Shipping inc. during the 2nd quarter valued at $741,000. 37.31% of the stock is currently owned by institutional investors.

About Diana Shipping inc.

Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).

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