Danaos Corporation $DAC Stock Holdings Reduced by State of Wyoming

State of Wyoming reduced its position in Danaos Corporation (NYSE:DAC) by 83.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721 shares of the shipping company’s stock after selling 3,576 shares during the period. State of Wyoming’s holdings in Danaos were worth $81,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ion Asset Management Ltd. lifted its holdings in shares of Danaos by 15.5% during the 2nd quarter. Ion Asset Management Ltd. now owns 654,308 shares of the shipping company’s stock valued at $56,428,000 after buying an additional 87,614 shares during the last quarter. ION Fund Management Ltd acquired a new position in Danaos in the fourth quarter worth approximately $39,538,000. Millennium Management LLC raised its position in Danaos by 161.8% during the third quarter. Millennium Management LLC now owns 133,401 shares of the shipping company’s stock valued at $11,981,000 after acquiring an additional 82,450 shares in the last quarter. JPMorgan Chase & Co. raised its position in Danaos by 13.8% during the fourth quarter. JPMorgan Chase & Co. now owns 111,750 shares of the shipping company’s stock valued at $10,525,000 after acquiring an additional 13,571 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Danaos by 58.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 106,089 shares of the shipping company’s stock valued at $9,991,000 after acquiring an additional 38,958 shares in the last quarter. 19.01% of the stock is owned by hedge funds and other institutional investors.

Danaos Stock Performance

DAC opened at $142.08 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.40 and a current ratio of 8.66. The company has a market cap of $2.59 billion, a PE ratio of 5.01 and a beta of 0.89. The stock has a 50-day moving average of $129.53 and a 200-day moving average of $119.49. Danaos Corporation has a 52-week low of $83.56 and a 52-week high of $143.48.

Danaos (NYSE:DAC) last issued its quarterly earnings data on Monday, August 3rd. The shipping company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.49. Danaos had a return on equity of 13.18% and a net margin of 49.85%.The business had revenue of $274.37 million for the quarter, compared to the consensus estimate of $258.27 million.

Danaos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, July 21st. Danaos’s dividend payout ratio (DPR) is 12.70%.

Analyst Ratings Changes

Several research firms have commented on DAC. Fearnley Fonds raised shares of Danaos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Danaos from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $105.00.

About Danaos

Danaos Corporation is a leading independent owner and manager of containerships, specializing in long-term charters of modern vessels to major liner companies worldwide. The company’s core services include vessel acquisition and sale, technical and crew management, and commercial chartering, all aimed at supporting global containerized trade. Danaos leverages its in-house expertise in operations, maintenance and regulatory compliance to ensure reliable and efficient fleet performance.

Founded in 1972 by Dr.