Russell Investments Group Ltd. Buys New Shares in Diamond S Shipping Inc (NYSE:DSSI)

Russell Investments Group Ltd. bought a new stake in shares of Diamond S Shipping Inc (NYSE:DSSI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,400 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio acquired a new stake in Diamond S Shipping in the second quarter worth $75,000. Morgan Stanley acquired a new position in shares of Diamond S Shipping during the second quarter valued at about $105,000. Eagle Boston Investment Management Inc. acquired a new position in shares of Diamond S Shipping during the second quarter valued at about $144,000. Royal Bank of Canada boosted its position in shares of Diamond S Shipping by 18.1% during the 2nd quarter. Royal Bank of Canada now owns 14,583 shares of the company’s stock worth $186,000 after purchasing an additional 2,233 shares in the last quarter. Finally, Northern Trust Corp bought a new position in shares of Diamond S Shipping during the 2nd quarter worth about $248,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Reserve Gp Xii Ltd First sold 3,950,681 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $13.75, for a total value of $54,321,863.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Recovery Fund Iv Dss Aiv Wlr sold 99,130 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $14.47, for a total value of $1,434,411.10. Insiders have sold 4,710,681 shares of company stock valued at $64,664,802 over the last quarter.

A number of brokerages recently commented on DSSI. Zacks Investment Research lowered Diamond S Shipping from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Jefferies Financial Group assumed coverage on Diamond S Shipping in a report on Thursday, October 10th. They issued a “buy” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $19.40.

NYSE DSSI opened at $14.47 on Friday. The company has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $12.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.81. Diamond S Shipping Inc has a 12-month low of $9.60 and a 12-month high of $16.60.

Diamond S Shipping (NYSE:DSSI) last released its quarterly earnings data on Wednesday, November 13th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). The business had revenue of $141.53 million for the quarter, compared to analysts’ expectations of $153.06 million. On average, equities analysts expect that Diamond S Shipping Inc will post 0.65 earnings per share for the current year.

Diamond S Shipping Profile

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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Institutional Ownership by Quarter for Diamond S Shipping (NYSE:DSSI)

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