13 institutional investors are raising stakes in DryShips Inc. (DRYS)

DryShips Inc. (NASDAQ:DRYS) enjoyed a 126.64% run-up in share price since hitting record low of $2.74. The stock managed 2.99% rise and now stands at $6.21 as of 01/11/2019. At recent session, the prices were hovering between $5.92 and $6.35. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $563.31M. The recent change has given its price a 9.28% lead over SMA 50 and -13.99% deficit over its 52-week high. The stock witnessed 11.09% gains, 27.52% gains and 10.7% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DRYS’s volatility during a week at 10.12% and during a month it has been found around 6.43%.

DryShips Inc. (DRYS) Top Holders

Institutional investors currently hold around $8 million or 1.6% in DRYS stock. Look at its top three institutional owners. Jpmorgan Chase & Co owns $3.21 million in DryShips Inc., which represents roughly 0.57% of the company’s market cap and approximately 40.15% of the institutional ownership. Similar statistics are true for the second largest owner, Susquehanna Fundamental Investments, Llc, which owns 304,275 shares of the stock are valued at $1.89 million. The third largest holder is Engineers Gate Manager Lp, which currently holds $601 thousand worth of this stock and that ownership represents nearly 0.11% of its market capitalization.

DryShips Inc. 13F Filings

At the end of September reporting period, 13 institutional holders increased their position in DryShips Inc. (NASDAQ:DRYS) by some 225,162 shares, 15 decreased positions by 854,687 and 3 held positions by 171,885. That puts total institutional holdings at 1,251,734 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 195,885 shares while 6 institutional investors sold out their entire positions totaling 343,877 shares.

Multiple company employees have indulged in significant insider trading. DryShips Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Leichter James has acquired 13 shares of DryShips Inc. (DRYS) in trading session dated Nov. 28, 2016. These shares are worth $592,155 and were traded at $45550.41 each. The SEC filing shows that Leichter James performed a purchase of 13 shares. The 10% Owner added these shares by way of transaction on Nov. 28, 2016. The company’s shares were assimilated at $45550.41 per share worth to an investment of some $592,155 on account of Leichter James.