Diamond S Shipping (NYSE:DSSI) Trading 4.4% Higher

Diamond S Shipping Inc (NYSE:DSSI)’s share price traded up 4.4% during mid-day trading on Monday . The company traded as high as $16.19 and last traded at $16.00, 310,457 shares were traded during trading. A decline of 16% from the average session volume of 368,265 shares. The stock had previously closed at $15.33.

A number of research analysts have issued reports on the stock. B. Riley set a $17.00 target price on shares of Diamond S Shipping and gave the company a “buy” rating in a research report on Wednesday, August 7th. Jefferies Financial Group assumed coverage on shares of Diamond S Shipping in a research report on Thursday, October 10th. They set a “buy” rating and a $19.00 target price on the stock.

The company has a current ratio of 0.99, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $11.88.

Diamond S Shipping (NYSE:DSSI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.26. The firm had revenue of $149.30 million during the quarter, compared to analyst estimates of $117.82 million. On average, equities research analysts forecast that Diamond S Shipping Inc will post 0.31 EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Diamond S Shipping by 64,517.2% during the 2nd quarter. BlackRock Inc. now owns 1,072,000 shares of the company’s stock worth $13,689,000 after buying an additional 1,070,341 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Diamond S Shipping by 21.3% during the 2nd quarter. Donald Smith & CO. Inc. now owns 597,384 shares of the company’s stock worth $7,629,000 after acquiring an additional 104,809 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Diamond S Shipping by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 235,539 shares of the company’s stock worth $2,768,000 after acquiring an additional 45,340 shares in the last quarter. Carlson Capital L P grew its stake in shares of Diamond S Shipping by 202.5% during the 2nd quarter. Carlson Capital L P now owns 226,900 shares of the company’s stock worth $2,898,000 after acquiring an additional 151,900 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of Diamond S Shipping during the 2nd quarter worth approximately $2,599,000. Institutional investors and hedge funds own 63.87% of the company’s stock.

Diamond S Shipping Company Profile (NYSE:DSSI)

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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