Diamond S Shipping Inc (NYSE:DSSI) CEO Craig H. Stevenson, Jr. acquired 20,231 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $11.69 per share, for a total transaction of $236,500.39. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

DSSI traded down $0.69 during midday trading on Wednesday, hitting $10.89. 244,500 shares of the company’s stock traded hands, compared to its average volume of 143,240. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. Diamond S Shipping Inc has a one year low of $9.60 and a one year high of $14.26.

Diamond S Shipping (NYSE:DSSI) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $102.66 million for the quarter, compared to analysts’ expectations of $144.85 million. As a group, equities analysts forecast that Diamond S Shipping Inc will post 0.34 earnings per share for the current fiscal year.

Several brokerages recently weighed in on DSSI. B. Riley began coverage on shares of Diamond S Shipping in a research report on Thursday, April 4th. They set a “buy” rating and a $16.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Diamond S Shipping in a research report on Tuesday, June 4th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Clarkson Capital began coverage on shares of Diamond S Shipping in a research report on Tuesday, April 9th. They set a “buy” rating and a $25.00 price objective on the stock.

A number of institutional investors and hedge funds have recently modified their holdings of DSSI. CarVal Investors LLC bought a new position in Diamond S Shipping during the first quarter valued at approximately $27,041,000. Donald Smith & CO. Inc. bought a new position in Diamond S Shipping during the first quarter valued at approximately $5,123,000. JPMorgan Chase & Co. bought a new position in Diamond S Shipping during the first quarter valued at approximately $1,978,000. Goodman Financial Corp bought a new position in Diamond S Shipping during the first quarter valued at approximately $992,000. Finally, Oaktree Capital Management LP bought a new position in Diamond S Shipping during the first quarter valued at approximately $836,000. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

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Diamond S Shipping Company Profile

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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