California Public Employees Retirement System lifted its position in Diamond S Shipping Inc (NYSE:DSSI) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,687 shares of the company’s stock after buying an additional 1,425 shares during the quarter. California Public Employees Retirement System’s holdings in Diamond S Shipping were worth $338,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Diamond S Shipping by 64,517.2% during the 2nd quarter. BlackRock Inc. now owns 1,072,000 shares of the company’s stock worth $13,689,000 after acquiring an additional 1,070,341 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Diamond S Shipping by 21.3% during the second quarter. Donald Smith & CO. Inc. now owns 597,384 shares of the company’s stock worth $7,629,000 after purchasing an additional 104,809 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Diamond S Shipping by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 235,539 shares of the company’s stock worth $2,768,000 after purchasing an additional 45,340 shares in the last quarter. Carlson Capital L P boosted its stake in shares of Diamond S Shipping by 202.5% in the second quarter. Carlson Capital L P now owns 226,900 shares of the company’s stock valued at $2,898,000 after purchasing an additional 151,900 shares during the period. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of Diamond S Shipping in the second quarter valued at approximately $2,599,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.
A number of brokerages recently weighed in on DSSI. Zacks Investment Research cut shares of Diamond S Shipping from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Jefferies Financial Group started coverage on shares of Diamond S Shipping in a report on Thursday, October 10th. They set a “buy” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.40.
Shares of NYSE DSSI opened at $14.47 on Friday. The business’s fifty day simple moving average is $14.91 and its 200-day simple moving average is $12.61. Diamond S Shipping Inc has a 12-month low of $9.60 and a 12-month high of $16.60. The company has a current ratio of 0.98, a quick ratio of 0.81 and a debt-to-equity ratio of 0.65.
Diamond S Shipping (NYSE:DSSI) last released its earnings results on Wednesday, November 13th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). The company had revenue of $141.53 million during the quarter, compared to analysts’ expectations of $153.06 million. On average, research analysts forecast that Diamond S Shipping Inc will post 0.65 earnings per share for the current fiscal year.
About Diamond S Shipping
Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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