Diana Shipping (NYSE:DSX) had its price target decreased by Jefferies Financial Group from $1.75 to $1.50 in a research note issued to investors on Friday, Anlyst Ratings reports. Jefferies Financial Group currently has a hold rating on the shipping company’s stock.
Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus dropped their price objective on shares of Diana Shipping from $2.50 to $2.25 and set a hold rating for the company in a research note on Monday, October 19th. Pareto Securities cut shares of Diana Shipping from a buy rating to a hold rating and set a $1.60 price objective for the company. in a research note on Tuesday, September 8th. Finally, Zacks Investment Research raised shares of Diana Shipping from a sell rating to a hold rating in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $1.71.
DSX opened at $1.37 on Friday. The stock has a market capitalization of $124.93 million, a price-to-earnings ratio of -0.90 and a beta of 1.25. The company has a fifty day moving average of $1.43 and a 200 day moving average of $1.52. Diana Shipping has a fifty-two week low of $1.25 and a fifty-two week high of $3.97.
Several institutional investors have recently added to or reduced their stakes in DSX. Tower Research Capital LLC TRC lifted its holdings in shares of Diana Shipping by 105.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 33,305 shares of the shipping company’s stock worth $49,000 after acquiring an additional 17,111 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Diana Shipping in the 1st quarter worth about $67,000. Virtu Financial LLC bought a new stake in shares of Diana Shipping in the 2nd quarter worth about $85,000. JPMorgan Chase & Co. lifted its holdings in shares of Diana Shipping by 479.8% in the 1st quarter. JPMorgan Chase & Co. now owns 163,579 shares of the shipping company’s stock worth $242,000 after acquiring an additional 135,367 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Diana Shipping by 16.2% in the 2nd quarter. UBS Group AG now owns 429,698 shares of the shipping company’s stock worth $645,000 after acquiring an additional 60,058 shares during the last quarter. Hedge funds and other institutional investors own 25.34% 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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