Stocks of Diana Shipping Inc. (NYSE:DSX) traded higher last session on Wall Street, down -5.28% to $3.59.
According to the data, Diana Shipping Inc. (NYSE:DSX) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.70 and a low of $4.00, we find $5.50. Given the previous closing price of $3.79, this indicates a potential upside of 45.12 percent. DSX stock price is now -8.78% away from the 50-day moving average and -24.30% away from the 200-day moving average. The market capitalization of the company currently stands at $336.60M.
A total of 2 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.07 as their price target over the next twelve months.
With the price target reduced from $7 to $5, Jefferies Downgraded its rating from Buy to Hold for Diana Shipping Inc. (NYSE: DSX). On July 21, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $7, while ‘BTIG Research’ rates the stock as ‘Neutral’.
A total of 17.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DSX stock. A new stake in Diana Shipping Inc. shares was purchased by WINTON GROUP LTD during the first quarter worth $301,000. APOLLON WEALTH MANAGEMENT, LLC invested $192,000 in shares of DSX during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Diana Shipping Inc. valued at approximately $171,000. DDD PARTNERS, LLC acquired a new stake in DSX for approximately $108,000. TWO SIGMA SECURITIES, LLC purchased a new stake in DSX valued at around $95,000 in the second quarter. In total, there are 104 active investors with 13.60% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $3.8000 for Diana Shipping Inc. (NYSE: DSX). During the past 12 months, Diana Shipping Inc. has had a low of $3.31 and a high of $6.89. The fifty day moving average price for DSX is $3.9356 and a two-hundred day moving average price translates $4.7424 for the stock.
The latest earnings results from Diana Shipping Inc. (NYSE: DSX) was released for Jun, 2022. According to the Marine Shipping Company, earnings per share came in at $0.4, beating analysts’ expectations of $0.35 by 0.05. This compares to $0.18 EPS in the same period last year. The net profit margin was 45.50% and return on equity was 31.30% for DSX. The company reported revenue of $73.81 million for the quarter, compared to $57.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.85 percent. For the current quarter, analysts expect DSX to generate $66.72M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/28/2022 were paid a $0.175 dividend. On an annualized basis, this represents a $0.70 dividend and a 19.50% percent yield. There was an ex-dividend date of 11/25/2022 for this dividend. In terms of dividend payout ratio, DSX is presently at 50.30%.
Diana Shipping Inc.(DSX) Company Profile
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 worldwide. As of April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was incorporated in 1999 and is based in Athens, Greece.