Shares of DryShips Inc. (NASDAQ:DRYS) gapped down prior to trading on Thursday . The stock had previously closed at $3.61, but opened at $3.04. DryShips shares last traded at $2.72, with a volume of 11,858,766 shares.

Several equities analysts recently weighed in on DRYS shares. Vetr downgraded DryShips from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 10th. ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th.

The company’s market cap is $641840.00. The firm’s 50-day moving average is $2.70 and its 200-day moving average is $591.79.

DryShips (NASDAQ:DRYS) last announced its quarterly earnings results on Wednesday, August 30th. The shipping company reported ($37.12) earnings per share for the quarter. The company had revenue of $16.38 million for the quarter. DryShips had a negative return on equity of 77.00% and a negative net margin of 218.76%. Analysts anticipate that DryShips Inc. will post $0.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Thursday, July 20th were paid a dividend of $0.094 per share. This represents a $0.38 annualized dividend and a dividend yield of 16.64%. The ex-dividend date was Tuesday, July 18th. DryShips’s payout ratio is currently 0.00%.

Several large investors have recently bought and sold shares of DRYS. Creative Planning raised its stake in DryShips by 337.7% in the second quarter. Creative Planning now owns 486,717 shares of the shipping company’s stock valued at $618,000 after buying an additional 375,511 shares during the last quarter. Citadel Advisors LLC purchased a new stake in DryShips during the first quarter valued at about $281,000. BlueCrest Capital Management Ltd purchased a new stake in DryShips during the first quarter valued at about $206,000. KCG Holdings Inc. raised its stake in DryShips by 175.0% in the first quarter. KCG Holdings Inc. now owns 100,832 shares of the shipping company’s stock valued at $166,000 after buying an additional 64,168 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its stake in DryShips by 36.6% in the second quarter. Virtu KCG Holdings LLC now owns 137,710 shares of the shipping company’s stock valued at $175,000 after buying an additional 36,878 shares during the last quarter. 6.67% of the stock is currently owned by institutional investors and hedge funds.

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About DryShips

DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.

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