Diana Shipping (NYSE:DSX) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Diana Shipping (NYSE:DSX) from a buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. “

Separately, ValuEngine raised Diana Shipping from a sell rating to a hold rating in a report on Tuesday.

DSX stock traded up $0.05 on Thursday, reaching $3.38. 235,509 shares of the company’s stock were exchanged, compared to its average volume of 252,004. The stock has a fifty day moving average of $3.61 and a 200-day moving average of $3.41. The firm has a market cap of $323.63 million, a PE ratio of 33.80 and a beta of 0.92. Diana Shipping has a twelve month low of $2.41 and a twelve month high of $4.15.

Several hedge funds and other institutional investors have recently made changes to their positions in DSX. Cutler Group LP boosted its holdings 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 buying an additional 14,300 shares in the last quarter. Acadian Asset Management LLC grew its position 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 buying an additional 13,048 shares during the period. Bank of Montreal Can purchased a new position in Diana Shipping in the second quarter valued at about $181,000. California Public Employees Retirement System increased its holdings in Diana Shipping by 22.3% in the third quarter. California Public Employees Retirement System now owns 76,899 shares of the shipping company’s stock valued at $260,000 after buying an additional 14,000 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Diana Shipping by 178.9% in the third quarter. Millennium Management LLC now owns 91,669 shares of the shipping company’s stock valued at $309,000 after buying an additional 58,804 shares in the last quarter. Hedge funds and other institutional investors own 32.79% of the company’s stock.

Diana Shipping 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 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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