DryShips Inc. (NASDAQ:DRYS) major shareholder James Leichter purchased 100,000 shares of the company’s stock in a transaction on Monday, November 28th. The stock was acquired at an average price of $5.81 per share, with a total value of $581,000.00. Following the completion of the purchase, the insider now directly owns 300,000 shares in the company, valued at $1,743,000. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. A.R.T. Advisors LLC boosted its position in shares of DryShips by 236.8% in the second quarter. A.R.T. Advisors LLC now owns 225,303 shares of the company’s stock valued at $126,000 after buying an additional 158,403 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new position in shares of DryShips during the second quarter valued at about $136,000. Parametric Portfolio Associates LLC boosted its position in shares of DryShips by 33.6% in the second quarter. Parametric Portfolio Associates LLC now owns 442,444 shares of the company’s stock valued at $249,000 after buying an additional 111,298 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in shares of DryShips during the second quarter valued at about $181,000. Hedge funds and other institutional investors own 46.60% of the company’s stock.
