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Diana Shipping ( (DSX) ) has provided an announcement.
On January 13, 2026, Diana Shipping Inc. announced that the board of Genco Shipping & Trading Limited had rejected, without engagement, Diana’s non-binding all-cash proposal to acquire all Genco shares it does not already own for $20.60 per share, an offer that Diana says represents premiums of 15–23% over various recent trading benchmarks and is supported by committed financing from DNB Bank and Nordea Bank for up to $1.102 billion. Diana, which holds about 14.8% of Genco’s outstanding common stock, criticized Genco’s counter-suggestion that Genco acquire Diana as lacking any concrete financial terms, reiterated that its own proposal offers immediate liquidity at a premium for Genco shareholders, and said its board is considering all options to advance the bid, underscoring ongoing consolidation pressures and strategic maneuvering in the dry bulk shipping sector.
The most recent analyst rating on (DSX) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Diana Shipping stock, see the DSX Stock Forecast page.
Spark’s Take on DSX Stock
According to Spark, TipRanks’ AI Analyst, DSX is a Neutral.
The score is driven mainly by mixed financial performance, led by liquidity concerns from zero latest-period operating/free cash flow and weaker recent revenue trends, partially offset by a stable balance sheet. Technicals are supportive due to price strength above key moving averages, but overbought signals temper the outlook. Valuation is reasonable (P/E ~11.7) with a modest dividend, while the latest earnings call was constructive on utilization, contract coverage, and improved net income despite softer charter metrics and lower cash reserves.
To see Spark’s full report on DSX stock, click here.
More about Diana Shipping
Diana Shipping Inc. is a global provider of shipping transportation services specializing in the ownership and bareboat charter-in of dry bulk vessels. Its fleet is primarily employed on short- to medium-term time charters, carrying commodities such as iron ore, coal, grain and other dry bulk materials along worldwide shipping routes.
Average Trading Volume: 446,110
Technical Sentiment Signal: Hold
Current Market Cap: $220M
See more insights into DSX stock on TipRanks’ Stock Analysis page.