Jefferies Financial Group reissued their hold rating on shares of Diana Shipping (NYSE:DSX) in a research note published on Monday, Benzinga reports.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Diana Shipping from a sell rating to a hold rating in a research note on Wednesday, February 3rd. BTIG Research started coverage on Diana Shipping in a research note on Monday, February 8th. They set a buy rating and a $5.00 target price for the company. Finally, Stifel Nicolaus upgraded Diana Shipping from a hold rating to a buy rating and increased their target price for the company from $2.25 to $3.50 in a research note on Monday, February 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $2.82.
Shares of NYSE:DSX opened at $3.02 on Monday. Diana Shipping has a 52-week low of $1.25 and a 52-week high of $3.78. The company has a 50 day moving average of $2.59 and a two-hundred day moving average of $1.81. The company has a market capitalization of $275.40 million, a price-to-earnings ratio of -1.79 and a beta of 1.41.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Abacus Planning Group Inc. lifted its stake in Diana Shipping by 102.6% during the third quarter. Abacus Planning Group Inc. now owns 26,415 shares of the shipping company’s stock worth $37,000 after purchasing an additional 13,375 shares during the last quarter. State Street Corp bought a new position in Diana Shipping during the third quarter worth $39,000. GSA Capital Partners LLP bought a new position in Diana Shipping during the third quarter worth $44,000. Squarepoint Ops LLC bought a new position in Diana Shipping during the fourth quarter worth $58,000. Finally, Sei Investments Co. lifted its stake in Diana Shipping by 27.4% during the third quarter. Sei Investments Co. now owns 430,026 shares of the shipping company’s stock worth $606,000 after purchasing an additional 92,416 shares during the last quarter. Hedge funds and other institutional investors own 24.65% of the company’s stock.
About Diana Shipping
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 31, 2020, it operated a fleet of 41 dry bulk vessels comprising 4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 14 Panamax vessels.
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