Inspire Advisors LLC Has $1.08 Million Stock Position in Danaos Co. (NYSE:DAC)

Inspire Advisors LLC grew its position in Danaos Co. (NYSE:DAC - Free Report) by 144.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,429 shares of the shipping company's stock after purchasing an additional 7,340 shares during the quarter. Inspire Advisors LLC owned about 0.06% of Danaos worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of Danaos by 33.5% during the second quarter. Acadian Asset Management LLC now owns 788,905 shares of the shipping company's stock worth $72,823,000 after purchasing an additional 197,904 shares during the period. Gordian Capital Singapore Pte Ltd raised its holdings in Danaos by 17,600,000.0% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 176,001 shares of the shipping company's stock valued at $16,255,000 after acquiring an additional 176,000 shares in the last quarter. Foundry Partners LLC raised its holdings in Danaos by 11.8% in the 1st quarter. Foundry Partners LLC now owns 86,893 shares of the shipping company's stock valued at $6,274,000 after acquiring an additional 9,182 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Danaos by 1.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 77,365 shares of the shipping company's stock valued at $5,586,000 after acquiring an additional 975 shares during the period. Finally, Significant Wealth Partners LLC grew its holdings in shares of Danaos by 1,048.0% during the 1st quarter. Significant Wealth Partners LLC now owns 43,798 shares of the shipping company's stock worth $3,162,000 after purchasing an additional 39,983 shares in the last quarter. 19.01% of the stock is owned by institutional investors and hedge funds.

Danaos Price Performance

DAC stock traded up $1.25 during midday trading on Friday, reaching $84.37. The company had a trading volume of 97,728 shares, compared to its average volume of 106,401. Danaos Co. has a 1-year low of $62.37 and a 1-year high of $98.25. The stock has a 50 day moving average price of $82.67 and a 200-day moving average price of $83.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.18 and a quick ratio of 4.04. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 2.86 and a beta of 1.47.

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

Danaos Announces Dividend

The firm also recently declared 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 was Tuesday, August 20th. This represents a $3.20 annualized dividend and a dividend yield of 3.79%. 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.