DryShips Inc. (NASDAQ:DRYS) gapped down before the market opened on Thursday . The stock had previously closed at $3.40, but opened at $3.49. DryShips shares last traded at $3.49, with a volume of 2300100 shares.

A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of DryShips from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. ValuEngine raised shares of 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 current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $374.39, a P/E ratio of 0.00 and a beta of 1.56.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.024 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, February 16th. DryShips’s dividend payout ratio (DPR) is 0.00%.

Several institutional investors and hedge funds have recently bought and sold shares of DRYS. Covalis Capital LLP bought a new stake in shares of DryShips during the fourth quarter worth approximately $136,000. Sei Investments Co. bought a new stake in DryShips in the third quarter valued at approximately $200,000. Deutsche Bank AG increased its stake in DryShips by 3,145.4% in the fourth quarter. Deutsche Bank AG now owns 75,424 shares of the shipping company’s stock valued at $266,000 after purchasing an additional 73,100 shares in the last quarter. Centenus Global Management LP bought a new stake in DryShips in the fourth quarter valued at approximately $275,000. Finally, Millennium Management LLC bought a new stake in DryShips in the fourth quarter valued at approximately $777,000. 2.16% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/dryships-drys-shares-gap-down-to-3-49/1903993.html.

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.

Receive News & Ratings for DryShips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DryShips and related companies with MarketBeat.com's FREE daily email newsletter.