Marshall Wace LLP Invests $1.25 Million in Danaos Co. (NYSE:DAC)

Marshall Wace LLP bought a new position in shares of Danaos Co. (NYSE:DAC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,535 shares of the shipping company's stock, valued at approximately $1,250,000. Marshall Wace LLP owned approximately 0.07% of Danaos as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DAC. Parallel Advisors LLC grew its stake in Danaos by 79.3% during the 4th quarter. Parallel Advisors LLC now owns 382 shares of the shipping company's stock valued at $28,000 after acquiring an additional 169 shares in the last quarter. nVerses Capital LLC acquired a new position in Danaos in the 2nd quarter valued at about $37,000. Scarborough Advisors LLC acquired a new position in Danaos in the 4th quarter valued at about $49,000. Signaturefd LLC boosted its holdings in Danaos by 21.4% in the 2nd quarter. Signaturefd LLC now owns 692 shares of the shipping company's stock valued at $64,000 after purchasing an additional 122 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Danaos in the 2nd quarter valued at about $76,000. Hedge funds and other institutional investors own 19.01% of the company's stock.

Danaos Trading Up 0.2 %

NYSE:DAC traded up $0.19 on Monday, hitting $86.80. The stock had a trading volume of 66,178 shares, compared to its average volume of 105,510. The company has a quick ratio of 4.04, a current ratio of 4.18 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 2.95 and a beta of 1.47. The company has a fifty day moving average price of $82.22 and a two-hundred day moving average price of $83.26. 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 posted its earnings results on Monday, August 5th. The shipping company reported $6.78 earnings per share for the quarter, missing the consensus estimate of $7.04 by ($0.26). The firm had revenue of $246.31 million during the quarter, compared to analyst estimates of $238.83 million. Danaos had a net margin of 58.15% and a return on equity of 17.88%. During the same quarter in the previous year, the firm earned $7.14 earnings per share. Equities research analysts expect that Danaos Co. will post 28.43 earnings per share for the current fiscal year.

Danaos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 20th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $3.20 annualized dividend and a yield of 3.69%. Danaos's payout ratio is 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.