Vetr lowered shares of DryShips Inc. (NASDAQ:DRYS) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday, May 10th.
Shares of DryShips (NASDAQ DRYS) opened at 2.30 on Wednesday. The firm’s 50-day moving average price is $2.34 and its 200 day moving average price is $82.41. DryShips has a 52 week low of $0.65 and a 52 week high of $4,569.60. The company’s market cap is $22.92 million.
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The firm also recently declared a special dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a dividend of $0.053 per share. The ex-dividend date was Thursday, April 27th.
A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new stake in DryShips during the first quarter worth approximately $125,000. 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 worth $166,000 after buying an additional 64,168 shares during the period. Creative Planning raised its stake in DryShips by 498.9% in the first quarter. Creative Planning now owns 111,206 shares of the shipping company’s stock worth $183,000 after buying an additional 92,637 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in DryShips during the first quarter worth approximately $206,000. Finally, Citadel Advisors LLC acquired a new stake in DryShips during the first quarter worth approximately $281,000. Institutional investors and hedge funds own 14.01% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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