Diana Shipping Upgraded to “Hold” at ValuEngine
ValuEngine upgraded shares of Diana Shipping from a sell rating to a hold rating in a research report released on Tuesday, October 2nd.
A number of other equities research analysts also recently weighed in on DSX. Zacks Investment Research raised Diana Shipping from a hold rating to a buy rating and set a $5.75 price objective on the stock in a research report on Monday, June 25th. Morgan Stanley raised their price objective on Diana Shipping from $4.00 to $4.50 and gave the company a $4.41 rating in a research report on Monday, July 23rd. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $4.82.
Diana Shipping has a 12-month low of $3.07 and a 12-month high of $5.16. The firm has a market cap of $437.26 million, a PE ratio of -5.20 and a beta of 1.31.
Large investors have recently made changes to their positions in the company. 683 Capital Management LLC purchased a new position in shares of Diana Shipping in the second quarter worth about $2,109,000. UBS Group AG grew its holdings in Diana Shipping by 329.5% in the first quarter. UBS Group AG now owns 309,874 shares of the shipping company’s stock valued at $1,134,000 after purchasing an additional 237,727 shares during the period. Barclays PLC grew its holdings in Diana Shipping by 26.7% in the first quarter. Barclays PLC now owns 1,028,999 shares of the shipping company’s stock valued at $3,766,000 after purchasing an additional 216,929 shares during the period. A.R.T. Advisors LLC grew its holdings in Diana Shipping by 40.9% in the first quarter. A.R.T. Advisors LLC now owns 154,815 shares of the shipping company’s stock valued at $566,000 after purchasing an additional 44,927 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Diana Shipping in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 37.41% of the company’s stock.