Virtu KCG Holdings LLC lifted its position in DryShips Inc. (NASDAQ:DRYS) by 36.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,710 shares of the shipping company’s stock after buying an additional 36,878 shares during the quarter. Virtu KCG Holdings LLC owned about 48.49% of DryShips worth $175,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FNY Partners Fund LP grew its stake in shares of DryShips by 89.8% in the 2nd quarter. FNY Partners Fund LP now owns 28,000 shares of the shipping company’s stock valued at $248,000 after buying an additional 13,250 shares in the last quarter. KCG Holdings Inc. grew its stake in shares of DryShips by 175.0% in the 1st quarter. KCG Holdings Inc. now owns 100,832 shares of the shipping company’s stock valued at $166,000 after buying an additional 64,168 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of DryShips in the 1st quarter valued at approximately $206,000. Citadel Advisors LLC bought a new stake in shares of DryShips in the 1st quarter valued at approximately $281,000. Finally, Creative Planning grew its stake in shares of DryShips by 337.7% in the 2nd quarter. Creative Planning now owns 486,717 shares of the shipping company’s stock valued at $618,000 after buying an additional 375,511 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
Shares of DryShips Inc. (NASDAQ DRYS) opened at 4.80 on Monday. DryShips Inc. has a 52 week low of $0.98 and a 52 week high of $799,681.62. The company’s market cap is $9.61 million. The company has a 50 day moving average price of $3.04 and a 200 day moving average price of $72.45.
DryShips (NASDAQ:DRYS) last announced its earnings results on Wednesday, August 30th. The shipping company reported ($37.12) earnings per share (EPS) for the quarter. DryShips had a negative net margin of 218.76% and a negative return on equity of 49.79%. The firm had revenue of $16.38 million during the quarter. On average, equities analysts expect that DryShips Inc. will post $0.07 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, October 27th will be given a $0.024 dividend. The ex-dividend date of this dividend is Thursday, October 26th. DryShips’s dividend payout ratio is presently 0.00%.
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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