Diana Shipping (NYSE:DSX) PT Lowered to $1.50 at Jefferies Financial Group

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.

Diana Shipping (NYSE:DSX) last posted its earnings results on Monday, July 27th. The shipping company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.03). Diana Shipping had a negative net margin of 67.48% and a negative return on equity of 3.48%. The company had revenue of $37.15 million for the quarter, compared to analysts’ expectations of $38.94 million. On average, analysts anticipate that Diana Shipping will post -0.39 earnings per share for the current year.

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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