Kopernik Global Investors LLC lifted its holdings in shares of Diana Shipping inc. (NYSE:DSX) by 8.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,061,913 shares of the shipping company’s stock after purchasing an additional 300,253 shares during the quarter. Diana Shipping comprises about 3.1% of Kopernik Global Investors LLC’s holdings, making the stock its 14th biggest holding. Kopernik Global Investors LLC owned about 3.83% of Diana Shipping worth $14,745,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Virtu KCG Holdings LLC acquired a new stake in shares of Diana Shipping during the second quarter worth about $180,000. Edmond DE Rothschild Holding S.A. lifted its position in shares of Diana Shipping by 10.2% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after purchasing an additional 4,500 shares in the last quarter. State Street Corp lifted its position in shares of Diana Shipping by 15.4% during the second quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after purchasing an additional 10,694 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of Diana Shipping during the second quarter worth about $856,000. Finally, Macquarie Group Ltd. lifted its position in shares of Diana Shipping by 33.1% during the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after purchasing an additional 76,650 shares in the last quarter. 38.44% of the stock is currently owned by institutional investors and hedge funds.
DSX has been the topic of several research reports. Pareto Securities raised shares of Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research cut shares of Diana Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Jefferies Group LLC reissued a “hold” rating and set a $4.50 price target on shares of Diana Shipping in a research report on Thursday, September 7th. Citigroup Inc. increased their price target on shares of Diana Shipping from $2.50 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, October 31st. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Diana Shipping from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Diana Shipping currently has an average rating of “Hold” and an average price target of $5.00.
Shares of Diana Shipping inc. (DSX) opened at $3.98 on Monday. Diana Shipping inc. has a 1-year low of $2.74 and a 1-year high of $6.20.
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Diana Shipping Profile
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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