Sei Investments Co. Has $2.98 Million Stock Position in Danaos Co. (NYSE:DAC)

Sei Investments Co. raised its holdings in Danaos Co. (NYSE:DAC - Free Report) by 56.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,242 shares of the shipping company's stock after buying an additional 11,687 shares during the quarter. Sei Investments Co. owned 0.17% of Danaos worth $2,978,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Danaos by 21.4% during the 2nd quarter. Signaturefd LLC now owns 692 shares of the shipping company's stock worth $64,000 after buying an additional 122 shares during the period. Parallel Advisors LLC boosted its stake in shares of Danaos by 79.3% in the 4th quarter. Parallel Advisors LLC now owns 382 shares of the shipping company's stock valued at $28,000 after purchasing an additional 169 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Danaos by 7.5% in the 2nd quarter. National Bank of Canada FI now owns 3,689 shares of the shipping company's stock worth $339,000 after purchasing an additional 257 shares during the last quarter. Tidal Investments LLC increased its position in shares of Danaos by 3.3% during the 1st quarter. Tidal Investments LLC now owns 11,905 shares of the shipping company's stock worth $860,000 after purchasing an additional 382 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Danaos during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 19.01% of the company's stock.

Danaos Price Performance

NYSE:DAC traded down $0.59 on Friday, reaching $86.69. The stock had a trading volume of 122,293 shares, compared to its average volume of 105,715. The company has a market capitalization of $1.68 billion, a P/E ratio of 2.94 and a beta of 1.47. The stock has a fifty day moving average price of $82.19 and a 200-day moving average price of $82.98. The company has a quick ratio of 4.04, a current ratio of 4.18 and a debt-to-equity ratio of 0.17. Danaos Co. has a 1-year low of $62.37 and a 1-year high of $98.25.

Danaos (NYSE:DAC - Get Free Report) last announced its earnings results on Monday, August 5th. The shipping company reported $6.78 EPS for the quarter, missing the consensus estimate of $7.04 by ($0.26). Danaos had a return on equity of 17.88% and a net margin of 58.15%. The business had revenue of $246.31 million during the quarter, compared to analyst estimates of $238.83 million. During the same period in the previous year, the firm earned $7.14 earnings per share. Research analysts forecast that Danaos Co. will post 28.43 EPS for the current year.

Danaos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 20th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.69%. Danaos's dividend payout ratio (DPR) is presently 10.86%.

Danaos Profile

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.