Diana Shipping Inc (NYSE:DSX) dropped 5.2% during mid-day trading on Monday . The stock traded as low as $3.10 and last traded at $3.30, approximately 876,469 shares were traded during mid-day trading. An increase of 248% from the average daily volume of 251,670 shares. The stock had previously closed at $3.48.
DSX has been the topic of several research analyst reports. ValuEngine lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Zacks Investment Research upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Friday, October 18th.
The company’s 50-day moving average price is $3.62 and its 200-day moving average price is $3.41. The firm has a market cap of $336.69 million, a price-to-earnings ratio of 33.00 and a beta of 0.92.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cutler Group LP raised its stake in Diana Shipping by 14,300.0% during the third quarter. Cutler Group LP now owns 14,400 shares of the shipping company’s stock worth $48,000 after purchasing an additional 14,300 shares during the period. Acadian Asset Management LLC raised its stake in Diana Shipping by 126.3% during the second quarter. Acadian Asset Management LLC now owns 23,377 shares of the shipping company’s stock worth $77,000 after purchasing an additional 13,048 shares during the period. Bank of Montreal Can purchased a new stake in shares of Diana Shipping in the 2nd quarter valued at approximately $181,000. California Public Employees Retirement System raised its stake in shares of Diana Shipping by 22.3% in the 3rd quarter. California Public Employees Retirement System now owns 76,899 shares of the shipping company’s stock valued at $260,000 after acquiring an additional 14,000 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Diana Shipping by 178.9% in the 3rd quarter. Millennium Management LLC now owns 91,669 shares of the shipping company’s stock valued at $309,000 after acquiring an additional 58,804 shares during the period. Hedge funds and other institutional investors own 32.79% of the company’s stock.
About Diana Shipping (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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