Diana Shipping has signed a US$55 million six-year secured term loan facility with National Bank of Greece SA, fully drawn down on September 29. The loan is backed by five vessels and aims to strengthen the company's capital structure, reports Tel Aviv research house TipRanks.

The financing move is designed to enhance Diana Shipping's operational and investment flexibility, reinforcing its financial resilience in the global dry bulk shipping sector.

Diana Shipping specialises in transporting dry bulk cargoes such as iron ore, coal and grain. It operates a fleet of vessels primarily on short to medium-term time charters.

TipRanks' AI analyst Spark rates Diana Shipping stock as Neutral, citing mixed financial performance and technical indicators pointing to overbought conditions.

The most recent analyst rating on Diana Shipping stock is Hold, with a price target of $2.00. Liquidity concerns and market softness continue to weigh on investor sentiment.