Diana Shipping (DSX) Stock Rating Lowered by ValuEngine

Diana Shipping (NYSE:DSX) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday, May 10th, ValuEngine reports.

A number of other analysts have also commented on DSX. Zacks Investment Research raised shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a report on Friday, May 10th. Pareto Securities lowered shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, Morgan Stanley set a $4.00 target price on shares of Diana Shipping and gave the stock a “hold” rating in a report on Friday, February 15th.

DSX stock remained flat at $$3.30 during trading on Friday. 133,300 shares of the company traded hands, compared to its average volume of 270,540. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.13 and a quick ratio of 1.09. Diana Shipping has a 1 year low of $2.41 and a 1 year high of $5.16.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Thursday, May 9th. The shipping company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. Diana Shipping had a net margin of 9.57% and a return on equity of 4.36%. The firm had revenue of $60.30 million during the quarter, compared to analysts’ expectations of $56.70 million. During the same quarter in the previous year, the company posted ($0.04) EPS. Diana Shipping’s revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts forecast that Diana Shipping will post 0.14 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in shares of Diana Shipping in the 1st quarter valued at $30,000. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Diana Shipping in the 4th quarter valued at $32,000. Abacus Planning Group Inc. acquired a new position in shares of Diana Shipping in the 1st quarter valued at $37,000. HHM Wealth Advisors LLC acquired a new position in shares of Diana Shipping in the 4th quarter valued at $41,000. Finally, Virtu Financial LLC grew its holdings in shares of Diana Shipping by 28.2% in the 4th quarter. Virtu Financial LLC now owns 20,790 shares of the shipping company’s stock valued at $66,000 after buying an additional 4,569 shares during the period. 34.42% of the stock is owned by hedge funds and other institutional investors.

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 through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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