Diana Shipping Inc. (NYSE:DSX) Receives Consensus Rating of “Hold” from Analysts

Diana Shipping Inc. (NYSE:DSXGet Rating) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.50.

DSX has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Diana Shipping in a research note on Wednesday, April 27th. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Diana Shipping from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 1st. TheStreet upgraded shares of Diana Shipping from a “d+” rating to a “c-” rating in a report on Tuesday, March 1st. Finally, StockNews.com lowered shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Hosking Partners LLP boosted its holdings in shares of Diana Shipping by 6.2% during the 4th quarter. Hosking Partners LLP now owns 5,218,653 shares of the shipping company’s stock worth $20,301,000 after buying an additional 305,181 shares during the period. Wells Fargo & Company MN boosted its holdings in Diana Shipping by 13.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,816,916 shares of the shipping company’s stock valued at $7,068,000 after purchasing an additional 221,227 shares during the period. Morgan Stanley boosted its holdings in Diana Shipping by 118.1% in the 3rd quarter. Morgan Stanley now owns 1,588,794 shares of the shipping company’s stock valued at $9,088,000 after purchasing an additional 860,453 shares during the period. Renaissance Technologies LLC boosted its holdings in Diana Shipping by 9.7% in the 3rd quarter. Renaissance Technologies LLC now owns 1,429,419 shares of the shipping company’s stock valued at $8,176,000 after purchasing an additional 126,400 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Diana Shipping by 8.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,149,503 shares of the shipping company’s stock valued at $6,575,000 after purchasing an additional 86,316 shares during the period. Institutional investors own 36.88% of the company’s stock.

Shares of DSX opened at $5.42 on Thursday. The stock has a market cap of $496.12 million, a price-to-earnings ratio of 8.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.93 and a quick ratio of 1.84. Diana Shipping has a 1-year low of $3.31 and a 1-year high of $6.36. The firm has a 50 day simple moving average of $5.01 and a 200-day simple moving average of $4.48.

Diana Shipping (NYSE:DSXGet Rating) last released its earnings results on Friday, February 25th. The shipping company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Diana Shipping had a net margin of 26.79% and a return on equity of 10.32%. The company had revenue of $68.02 million during the quarter, compared to the consensus estimate of $65.81 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, equities analysts expect that Diana Shipping will post 1.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Wednesday, March 9th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 8th. This represents a $0.80 annualized dividend and a yield of 14.76%. Diana Shipping’s dividend payout ratio is presently 126.99%.

Diana Shipping Company Profile (Get Rating)

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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax.

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