Diana Shipping (NYSE:DSX) Given “Hold” Rating at Jefferies Financial Group

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.

Diana Shipping (NYSE:DSX) last released its earnings results on Sunday, November 22nd. The shipping company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $40.65 million. Diana Shipping had a negative net margin of 78.81% and a negative return on equity of 5.63%. On average, equities research analysts anticipate that Diana Shipping will post -0.38 EPS for the current year.

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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