Diana Shipping (NYSE:DSX) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Diana Shipping (NYSE:DSX) was downgraded by Wall Street Zen from “buy” to “hold” in a research report issued Saturday.
• Separately, Weiss Ratings upgraded the stock from “sell (d+)” to “hold (c-)”, leaving the overall analyst view at a Hold.
• The stock recently opened at $2.71, near its 52-week high of $2.77, while the company reported $0.02 EPS on $52.05 million in quarterly revenue.

Diana Shipping (NYSE:DSX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded Diana Shipping from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Diana Shipping Stock Performance

NYSE DSX opened at $2.71 on Friday. The stock has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.13. The firm has a market capitalization of $334.18 million, a P/E ratio of 24.59 and a beta of 0.53. Diana Shipping has a fifty-two week low of $1.38 and a fifty-two week high of $2.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.69 and a current ratio of 2.73.

Diana Shipping (NYSE:DSX - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.02 earnings per share for the quarter. The business had revenue of $52.05 million during the quarter. Diana Shipping had a return on equity of 3.60% and a net margin of 8.35%.

Hedge Funds Weigh In On Diana Shipping

Several institutional investors and hedge funds have recently modified their holdings of DSX. Squarepoint Ops LLC purchased a new position in shares of Diana Shipping in the 3rd quarter valued at about $278,000. Two Sigma Investments LP increased its stake in shares of Diana Shipping by 407.4% in the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company's stock valued at $136,000 after purchasing an additional 64,784 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Diana Shipping in the 4th quarter valued at about $775,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Diana Shipping by 3.2% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 668,660 shares of the shipping company's stock valued at $1,110,000 after purchasing an additional 20,943 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Diana Shipping in the 4th quarter valued at about $148,000. Hedge funds and other institutional investors own 48.68% of the company's stock.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.

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