DryShips (DRYS) Sees Unusually-High Trading Volume
DryShips Inc. (NASDAQ:DRYS) shares saw strong trading volume on Thursday . 3,488,479 shares changed hands during trading, an increase of 112% from the previous session’s volume of 1,644,953 shares.The stock last traded at $3.64 and had previously closed at $3.59.
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of DryShips from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine upgraded shares of DryShips from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.
The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.11.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.024 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.10 annualized dividend and a dividend yield of 2.89%. DryShips’s dividend payout ratio (DPR) is currently 0.00%.
Several institutional investors have recently modified their holdings of DRYS. Covalis Capital LLP acquired a new position in DryShips in the fourth quarter valued at about $136,000. Virtu KCG Holdings LLC boosted its position 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 in the last quarter. Finally, Sei Investments Co. acquired a new position in DryShips in the third quarter valued at about $200,000. Institutional investors and hedge funds own 2.15% of the company’s stock.
DryShips Company Profile
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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