Diamond S Shipping Inc (NYSE:DSSI)’s share price was up 6.4% on Monday . The stock traded as high as $11.04 and last traded at $10.98, approximately 176,704 shares changed hands during mid-day trading. An increase of 0% from the average daily volume of 176,004 shares. The stock had previously closed at $10.32.
Several analysts have weighed in on DSSI shares. B. Riley set a $17.00 price target on shares of Diamond S Shipping and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Stifel Nicolaus started coverage on shares of Diamond S Shipping in a research note on Tuesday, June 4th. They issued a “buy” rating and a $18.00 price target for the company.
The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.99. The business has a 50 day simple moving average of $11.82.
Diamond S Shipping (NYSE:DSSI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.26. The firm had revenue of $149.30 million for the quarter, compared to the consensus estimate of $117.82 million. Equities analysts anticipate that Diamond S Shipping Inc will post 0.31 EPS for the current fiscal year.
In related news, CEO Craig H. Stevenson, Jr. purchased 39,215 shares of Diamond S Shipping stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of $12.52 per share, for a total transaction of $490,971.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig H. Stevenson, Jr. purchased 20,231 shares of Diamond S Shipping stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of $11.69 per share, for a total transaction of $236,500.39. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 77,446 shares of company stock valued at $926,192.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Diamond S Shipping by 18.1% in the second quarter. Royal Bank of Canada now owns 14,583 shares of the company’s stock worth $186,000 after purchasing an additional 2,233 shares during the period. Strs Ohio purchased a new stake in Diamond S Shipping in the second quarter worth about $75,000. Morgan Stanley purchased a new stake in Diamond S Shipping in the second quarter worth about $105,000. Eagle Boston Investment Management Inc. purchased a new stake in Diamond S Shipping in the second quarter worth about $144,000. Finally, Acadian Asset Management LLC grew its holdings in Diamond S Shipping by 764.5% in the second quarter. Acadian Asset Management LLC now owns 19,901 shares of the company’s stock worth $254,000 after purchasing an additional 17,599 shares during the period. Institutional investors own 53.52% of the company’s stock.
Diamond S Shipping Company Profile (NYSE:DSSI)
Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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