DryShips (DRYS) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of DryShips (NASDAQ:DRYS) from a sell rating to a hold rating in a research note published on Wednesday.

DryShips (DRYS) traded down $0.10 during trading hours on Wednesday, hitting $3.85. The stock had a trading volume of 1,894,400 shares, compared to its average volume of 3,899,022. DryShips has a fifty-two week low of $0.98 and a fifty-two week high of $48,216.00. 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 disclosed a special dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, October 27th were issued a dividend of $0.024 per share. The ex-dividend date was Thursday, October 26th. DryShips’s dividend payout ratio (DPR) is presently 0.00%.

Large investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC lifted its holdings in shares of DryShips by 36.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 137,710 shares of the shipping company’s stock valued at $175,000 after purchasing an additional 36,878 shares in the last quarter. Sei Investments Co. bought a new position in shares of DryShips during the 3rd quarter valued at about $200,000. Finally, FNY Partners Fund LP lifted its holdings in shares of DryShips by 89.8% during the 2nd quarter. FNY Partners Fund LP now owns 28,000 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 13,250 shares in the last quarter. Institutional investors and hedge funds own 2.37% of the company’s stock.

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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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