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Performance Shipping Inc. - $PSHG STOCK NEWS

Welcome to our dedicated page for Performance Shipping news (Ticker: $PSHG), a resource for investors and traders seeking the latest updates and insights on Performance Shipping stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Performance Shipping's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Performance Shipping's position in the market.

News
Performance Shipping Inc. Announces Filing of Amendment No. 2 to the Solicitation and Recommendation Statement on Schedule 14D-9
Rhea-AI Summary
Performance Shipping Inc. (NASDAQ: PSHG) has filed an Amendment No. 2 to the Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC in response to the cash tender offer by Sphinx Investment Corp. to purchase all outstanding shares of the company's common shares and associated preferred stock purchase rights at a price of $3.00 per share in cash. The board of directors has recommended that shareholders reject the offer and not tender any shares pursuant to the offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
Tags
none
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News
Performance Shipping Inc. Announces the Sale of 2007 Built M/T P. Kikuma for US$39.3 Million
Rhea-AI Summary
Performance Shipping Inc. (NASDAQ: PSHG) has announced the sale of the 2007-built Aframax tanker vessel M/T P. Kikuma to an unaffiliated third party for a gross sale price of US$39.3 million. The sale is expected to result in a gain of approximately US$17.3 million for the company, strengthening its fleet profile and enhancing its ability to finance remaining capital expenditures and pursue fleet renewal strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.77%
Tags
none
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News
Performance Shipping Inc. Announces Initiation of Analyst Coverage by Maxim Group
Rhea-AI Summary
Maxim Group initiates coverage of Performance Shipping Inc. with a 'Buy' rating and $4.00 price target.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.29%
Tags
none
News
Performance Shipping Inc. Announces Completion of US$2 Million Share Buyback Plan and Initiates New US$2 Million Share Buyback Plan
Rhea-AI Summary
Performance Shipping Inc. successfully completes $2 million share repurchase plan, announces new plan
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
buyback
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News
Performance Shipping Inc. Regains Compliance With Nasdaq Minimum Bid Price Requirement
Rhea-AI Summary
Performance Shipping Inc. has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The Company's common shares had a closing bid price of $1.00 per share or greater for at least ten consecutive business days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
none
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News
Performance Shipping Inc. Announces Entry Into New Revolving Credit Facility With Nordea Bank at Favorable Terms Resulting in No Debt Maturities Prior To Mid-2027
Rhea-AI Summary
Performance Shipping Inc. has successfully refinanced its existing loan facility by entering into a $20 million Revolving Credit Facility with Nordea Bank. The new facility extends the loan's maturity date to 5 years and will be used to pay off the outstanding debt and meet the company's working capital needs. The RCF carries an interest rate of SOFR plus 2.50% per annum and provides flexibility in drawdown and repayment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.65%
Tags
none
News
Performance Shipping Inc. Reports Net Income of $18.4 Million, a Second Consecutive Record, 1.7 Million Shares Repurchased for the Second Quarter 2023, and Financial Results for the Second Quarter and Six Months Ended June 30, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.76%
Tags
buyback earnings
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News
Performance Shipping Inc. Announces Time Charter Contract With ST Shipping at Fixed Floor Rate of US$45,000 Per Day Plus 50/50 Profit Share for LR2 Tanker, M/T P. Aliki
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
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none
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News
Performance Shipping Inc. Reports Record Net Income of $15.7 Million, 1.5 Million Shares Repurchased and Financial Results for the First Quarter Ended March 31, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
buyback earnings
News
Performance Shipping Inc. Announces Filing of 2022 Annual Report on Form 20-F
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Stock PSHG logo
Performance Shipping Inc.

Nasdaq:PSHG

PSHG Rankings

#5039 Ranked by Market Cap
#4950 Ranked by Stock Gains
N/A Ranked by Dividends

PSHG Stock Data

28.37M
9.99M
8.43%
6.04%
5.95%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
Athina

About PSHG

we are an in-house ship management company, wholly-owned by performance shipping inc. we provide administrative, commercial, and technical management services of the highest standard to the performance shipping inc. fleet. we are focused on conducting our operations in a manner that is devoted to safety, human health, quality, and environmental protection.