2 weeks Ago By Defense World Staff
Sei Investments Co. lifted its position in shares of Danaos Co. ( NYSE:DAC – Free Report ) by 12.
8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,629 shares of the shipping company’s stock after purchasing an additional 3,696 shares during the quarter. Sei Investments Co.
owned about 0.17% of Danaos worth $2,613,000 as of its most recent filing with the SEC. A number of other institutional investors have also modified their holdings of DAC.
DGS Capital Management LLC lifted its position in Danaos by 71.6% during the fourth quarter. DGS Capital Management LLC now owns 23,945 shares of the shipping company’s stock valued at $1,917,000 after buying an additional 9,994 shares in the last quarter.
Verition Fund Management LLC acquired a new position in shares of Danaos during the 3rd quarter valued at $205,000. State Street Corp boosted its position in Danaos by 2.3% during the 3rd quarter.
State Street Corp now owns 24,098 shares of the shipping company’s stock worth $2,090,000 after purchasing an additional 547 shares during the period. Allworth Financial LP boosted its position in Danaos by 340.1% during the 4th quarter.
Allworth Financial LP now owns 1,941 shares of the shipping company’s stock worth $149,000 after purchasing an additional 1,500 shares during the period. Finally, National Bank of Canada FI increased its holdings in Danaos by 4.9% in the 3rd quarter.
National Bank of Canada FI now owns 3,871 shares of the shipping company’s stock valued at $336,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 19.01% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have commented on the company. StockNews.com upgraded Danaos from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.
Jefferies Financial Group reissued a “buy” rating and set a $105.00 price target on shares of Danaos in a research report on Tuesday, February 11th. Danaos Price Performance DAC opened at $69.
15 on Friday. Danaos Co. has a twelve month low of $67.
75 and a twelve month high of $98.25. The firm has a market cap of $1.
31 billion, a price-to-earnings ratio of 2.67 and a beta of 1.32.
The company has a current ratio of 3.93, a quick ratio of 3.78 and a debt-to-equity ratio of 0.
19. The company has a fifty day simple moving average of $80.25 and a 200 day simple moving average of $81.
24. Danaos ( NYSE:DAC – Get Free Report ) last announced its earnings results on Monday, February 10th. The shipping company reported $6.
50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.52 by ($0.02).
Danaos had a return on equity of 16.03% and a net margin of 49.81%.
Equities research analysts expect that Danaos Co. will post 29.21 EPS for the current fiscal year.
Danaos Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.85 per share.
This represents a $3.40 annualized dividend and a dividend yield of 4.92%.
The ex-dividend date was Monday, February 24th. Danaos’s dividend payout ratio (DPR) is currently 13.12%.
About Danaos ( Free Report ) Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.
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