Performance Shipping (NASDAQ:PSHG – Get Free Report) posted its quarterly earnings results on Wednesday. Performance Shipping had a return on equity of 9.57% and a net margin of 31.85%. Performance Shipping Stock Up 3.6%Shares of NASDAQ:PSHG traded up $0.07 during midday trading on Wednesday, hitting $1.88. Get Performance Shipping alerts:Analyst Ratings ChangesSeparately, Weiss Ratings upgraded Performance Shipping from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Hedge Funds Weigh In On Performance ShippingAn institutional investor recently bought a new stake in Performance Shipping stock.