Shares of Diana Shipping Inc (NYSE:DSX) shot up 5% during trading on Monday . The stock traded as high as $3.35 and last traded at $3.33, 146,254 shares were traded during mid-day trading. A decline of 40% from the average session volume of 242,882 shares. The stock had previously closed at $3.17.

Several brokerages have recently commented on DSX. ValuEngine upgraded shares of Diana Shipping from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd.

The company has a market capitalization of $318.55 million, a price-to-earnings ratio of 33.30 and a beta of 0.98. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $3.44 and its 200-day simple moving average is $3.12.

Diana Shipping (NYSE:DSX) last released its earnings results on Tuesday, July 30th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $55.40 million for the quarter, compared to analyst estimates of $52.69 million. Diana Shipping had a return on equity of 4.64% and a net margin of 8.22%. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that Diana Shipping Inc will post 0.16 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in Diana Shipping by 19.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,259,265 shares of the shipping company’s stock worth $4,168,000 after buying an additional 201,765 shares in the last quarter. Morgan Stanley raised its holdings in shares of Diana Shipping by 36.1% in the 2nd quarter. Morgan Stanley now owns 821,928 shares of the shipping company’s stock valued at $2,720,000 after purchasing an additional 218,203 shares in the last quarter. Lesa Sroufe & Co raised its holdings in shares of Diana Shipping by 32.3% in the 2nd quarter. Lesa Sroufe & Co now owns 773,625 shares of the shipping company’s stock valued at $2,561,000 after purchasing an additional 188,956 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Diana Shipping by 29.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 188,675 shares of the shipping company’s stock valued at $624,000 after purchasing an additional 43,157 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Diana Shipping by 152.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 101,400 shares of the shipping company’s stock valued at $336,000 after purchasing an additional 61,275 shares in the last quarter. Institutional investors own 33.52% of the company’s stock.

Diana Shipping Company Profile (NYSE:DSX)

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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