Diana Shipping Inc (NYSE:DSX) – Analysts at Jefferies Financial Group reduced their FY2019 EPS estimates for shares of Diana Shipping in a research note issued to investors on Monday, October 29th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings of $0.53 per share for the year, down from their prior forecast of $0.56.
DSX has been the subject of several other research reports. Zacks Investment Research raised Diana Shipping from a “hold” rating to a “strong-buy” rating and set a $4.75 price target for the company in a research report on Wednesday, October 3rd. ValuEngine raised Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Morgan Stanley raised their price target on Diana Shipping from $4.00 to $4.50 and gave the stock a “$4.41” rating in a research report on Monday, July 23rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.79.
Hedge funds have recently bought and sold shares of the company. 683 Capital Management LLC acquired a new stake in shares of Diana Shipping during the second quarter worth $2,109,000. Millennium Management LLC boosted its holdings in shares of Diana Shipping by 149.1% during the second quarter. Millennium Management LLC now owns 886,458 shares of the shipping company’s stock worth $4,264,000 after purchasing an additional 530,571 shares during the last quarter. UBS Group AG boosted its holdings in shares of Diana Shipping by 329.5% during the first quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock worth $1,134,000 after purchasing an additional 237,727 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of Diana Shipping by 37.4% during the third quarter. DNB Asset Management AS now owns 183,521 shares of the shipping company’s stock worth $756,000 after purchasing an additional 50,000 shares during the last quarter. Finally, A.R.T. Advisors LLC boosted its holdings in shares of Diana Shipping by 40.9% during the first quarter. A.R.T. Advisors LLC now owns 154,815 shares of the shipping company’s stock worth $566,000 after purchasing an additional 44,927 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company’s stock.
Diana Shipping Company Profile
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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