Jefferies Reiterates a Hold Rating on Diana Shipping

In a report released today, Douglas Mavrinac from Jefferies reiterated a Hold rating on Diana Shipping (NYSE: DSX), with a price target of $3.50. The company’s shares closed yesterday at $4.68.

According to, Mavrinac is a top 100 analyst with an average return of 20.9% and a 64.5% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Golden Ocean Group Limited.

Diana Shipping has an analyst consensus of Moderate Sell, with a price target consensus of $3.50.

Based on Diana Shipping’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $28.02 million and GAAP net loss of $23.26 million. In comparison, last year the company earned revenue of $30.79 million and had a GAAP net loss of $31.39 million.

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Diana Shipping, Inc. operates as a holding company, which provides shipping transportation services through the ownership and operation of dry bulk vessels. It medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.