Diana Shipping inc. (NYSE:DSX) – Research analysts at Seaport Global Securities increased their FY2017 EPS estimates for Diana Shipping in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will earn ($0.90) per share for the year, up from their prior forecast of ($0.98). Seaport Global Securities also issued estimates for Diana Shipping’s Q4 2017 earnings at ($0.15) EPS and FY2018 earnings at ($0.56) EPS.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Thursday, October 19th. Pareto Securities raised Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 price objective on shares of Diana Shipping in a research report on Thursday, September 7th. Citigroup Inc. upped their price objective on 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, Stifel Nicolaus set a $5.00 price objective on Diana Shipping and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.00.
Diana Shipping (DSX) opened at $3.98 on Monday. Diana Shipping has a 52-week low of $2.74 and a 52-week high of $6.20.
Hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its holdings in Diana Shipping by 99.7% during the first quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock worth $1,464,000 after acquiring an additional 158,283 shares in the last quarter. Macquarie Group Ltd. raised its holdings in 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 acquiring an additional 76,650 shares in the last quarter. Hosking Partners LLP raised its holdings in Diana Shipping by 58.0% during the second quarter. Hosking Partners LLP now owns 3,559,973 shares of the shipping company’s stock worth $14,453,000 after acquiring an additional 1,306,125 shares in the last quarter. Westpac Banking Corp bought a new stake in Diana Shipping during the second quarter worth about $856,000. Finally, Royce & Associates LP raised its holdings in Diana Shipping by 34.1% during the second quarter. Royce & Associates LP now owns 1,174,333 shares of the shipping company’s stock worth $4,768,000 after acquiring an additional 298,400 shares in the last quarter. 38.44% of the stock is owned by institutional investors.
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Diana Shipping Company 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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