DryShips (DRYS) Shares Gap Up to $3.94

DryShips Inc. (NASDAQ:DRYS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.83, but opened at $3.94. DryShips shares last traded at $4.15, with a volume of 3514981 shares changing hands.

Several equities analysts recently commented on DRYS shares. BidaskClub downgraded DryShips from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.

The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.01 and a current ratio of 4.01. The company has a market capitalization of $432.74, a price-to-earnings ratio of -0.02 and a beta of 1.56.

DryShips (NASDAQ:DRYS) last issued its earnings results on Tuesday, February 27th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter. DryShips had a negative net margin of 29.86% and a negative return on equity of 7.95%. The business had revenue of $42.59 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.024 per share. The ex-dividend date was Friday, February 16th. This represents a $0.10 dividend on an annualized basis and a yield of 2.41%. DryShips’s payout ratio is -0.05%.

A number of hedge funds have recently modified their holdings of DRYS. Millennium Management LLC bought a new stake in DryShips during the 4th quarter valued at $777,000. Sei Investments Co. bought a new stake in DryShips during the 3rd quarter valued at $200,000. Centenus Global Management LP bought a new stake in DryShips during the 4th quarter valued at $275,000. Deutsche Bank AG raised its holdings in DryShips by 3,145.4% during the 4th quarter. Deutsche Bank AG now owns 75,424 shares of the shipping company’s stock valued at $266,000 after acquiring an additional 73,100 shares during the period. Finally, Covalis Capital LLP bought a new stake in DryShips during the 4th quarter valued at $136,000. 3.17% 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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