Diana Shipping inc. (NYSE:DSX) Upgraded to Hold at ValuEngine

Frederick Owens
July 9, 2017

TRADEMARK VIOLATION NOTICE: "Diana Shipping inc". Shares saw a steep increase in trading volume of 286.98% over the normal average daily volume. (NYSE:DSX) from a sell rating to a hold rating in a research report sent to investors on Tuesday, June 13th. The Company has refinanced its existing unsecured loan facility with Diana Shipping Inc., entered into on May 20, 2013, having an outstanding balance of US$42.6 million as of June 30, 2017. As of the end of the quarter Advisory Services Network, LLC had sold 3,553 shares trimming its position 86.0%. Phoenix Investment Adviser LLC now owns 199,201 shares of the shipping company's stock valued at $920,000 after buying an additional 20,000 shares during the period. Diana Containerships Inc. has a 52-week low of 0.27 and a 52-week high of 26.17. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Diana Shipping inc. during the first quarter worth $205,000. Stifel Nicolaus reissued a "hold" rating and set a $5.25 price target on shares of Diana Shipping inc.in a research report on Friday, May 26th. Renaissance Technologies LLC now owns 932,500 shares of the shipping company's stock valued at $2,816,000 after buying an additional 79,500 shares in the last quarter. Hosking Partners LLP raised its stake in Diana Shipping inc.by 57.1% in the first quarter. Credit Suisse Group set a $3.00 price target on shares of Diana Shipping inc. and gave the company a "hold" rating in a research report on Saturday, April 22nd. The company has an average rating of "Hold" and an average target price of $4.32. 1 equity analyst has recommended the share with a sell recommendation, nine have published a hold recommendation and two have issued a buy recommendation to the share. the share now has a average recommendation of "Hold" and a consensus price objective of $4.32. (DSX) traded down 3.73% on Thursday, reaching $3.87.

BidaskClub lowered shares of Diana Shipping inc. The corporation has a 50 Day SMA price of $3.79 and a two hundred day SMA of $4.00. the firms valuation is $309.57 M. Macquarie Group has an ownership of 174,750 stocks of the shipping firms shares valued $528,000 after scooping up an extra 50,900 stocks in the previous period.

Additionally, there is a discount premium amount of US$10.0 million and US$5.0 million for the loans with Addiewell Ltd. and Diana Shipping Inc., respectively. (NYSE:DSX) last posted its quarterly earnings results on Tuesday, May 23rd. Morgan Stanley increased its stake in shares of Diana Shipping inc.by 99.7% in the first quarter.

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In the last earnings report the EPS was $-16.42 and is expected to be $-22.61 for the current year with 9,222,000 shares now outstanding. Its book value per share for the most recent quarter is $9.59 while its price to book ratio for the same period is 0.03, as for as the company's cash per share for the most recent quarter is $2.11, however its price to cash per share ratio for the same period is 0.13. Analysts expect next quarter's EPS to be $-0.79 and the next full year EPS is projected to be $-1.53. Lastly, DnB Asset Management AS purchased a fresh position in Diana Shipping through out the Fiscal Q2 valued about $741,000. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & worldwide copyright laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/07/07/diana-shipping-inc-nysedsx-upgraded-at-j-p-morgan-chase-co.html.

Diana Containerships Inc.is a holding company. The Company, through its subsidiaries, is involved in the ownership of containerships. As of today, the combined carrying capacity of the Company's fleet is approximately 5.9 million dwt with a weighted average age of 7.93 years.

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