BidaskClub upgraded shares of DryShips (NASDAQ:DRYS) from a hold rating to a buy rating in a research note issued to investors on Tuesday.
Separately, ValuEngine raised DryShips from a sell rating to a hold rating in a research note on Wednesday, May 2nd.
DRYS stock opened at $5.16 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.77 and a current ratio of 3.77. DryShips has a 52-week low of $0.98 and a 52-week high of $13.09.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 25th were paid a dividend of $0.0246 per share. This is a boost from DryShips’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, May 24th. This represents a $0.10 annualized dividend and a yield of 1.91%.
A number of hedge funds have recently bought and sold shares of DRYS. Susquehanna Fundamental Investments LLC acquired a new stake in DryShips during the first quarter worth $978,000. Millennium Management LLC acquired a new stake in DryShips during the fourth quarter worth $777,000. Centenus Global Management LP acquired a new stake in DryShips during the fourth quarter worth $275,000. Finally, Deutsche Bank AG boosted its position in shares of DryShips by 3,145.4% during the fourth quarter. Deutsche Bank AG now owns 75,424 shares of the shipping company’s stock worth $266,000 after buying an additional 73,100 shares during the period. 3.52% of the stock is owned by institutional investors.
DryShips Company Profile
DryShips Inc owns and operates ocean going cargo vessels worldwide. It operates through two segments, Drybulk and Offshore Support. The Drybulk segment offers drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Offshore Support segment provides its services to the global offshore energy industry.
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