Diana Shipping (NYSE:DSX) Now Covered by StockNews.com

Posted by on Jun 14th, 2023

StockNews.com initiated coverage on shares of Diana Shipping (NYSE:DSX – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $4.00 target price on shares of Diana Shipping in a research note on Thursday, February 23rd.

Diana Shipping Trading Up 1.7 %

Shares of NYSE:DSX opened at $3.67 on Wednesday. Diana Shipping has a 1 year low of $3.36 and a 1 year high of $6.34. The firm has a market capitalization of $390.63 million, a price-to-earnings ratio of 2.87 and a beta of 1.13. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.03. The business’s 50 day moving average price is $3.85 and its 200-day moving average price is $3.91.

Diana Shipping (NYSE:DSX – Get Rating) last announced its quarterly earnings data on Friday, May 26th. The shipping company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $68.83 million for the quarter, compared to analyst estimates of $70.60 million. Diana Shipping had a return on equity of 25.30% and a net margin of 39.01%. On average, equities research analysts forecast that Diana Shipping will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of Diana Shipping

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in Diana Shipping during the 1st quarter valued at about $121,000. Raymond James & Associates boosted its stake in shares of Diana Shipping by 8.4% in the 1st quarter. Raymond James & Associates now owns 303,811 shares of the shipping company’s stock valued at $1,641,000 after buying an additional 23,608 shares during the period. HighTower Advisors LLC purchased a new position in shares of Diana Shipping in the 1st quarter valued at about $288,000. Acadian Asset Management LLC purchased a new position in shares of Diana Shipping in the 1st quarter valued at about $63,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Diana Shipping in the 1st quarter valued at about $59,000. 18.53% of the stock is owned by institutional investors and hedge funds.

About Diana Shipping

(Get Rating)

Diana Shipping, Inc operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes.

Featured Articles

Receive News & Ratings for Diana Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping and related companies with MarketBeat.com's FREE daily email newsletter.