Danaos Co. (NYSE:DAC) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its stake in Danaos Co. (NYSE:DAC - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,373 shares of the shipping company's stock after selling 4,023 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.12% of Danaos worth $1,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Danaos in the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Danaos in the 4th quarter valued at about $87,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Danaos by 37.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,460 shares of the shipping company's stock valued at $117,000 after purchasing an additional 400 shares in the last quarter. Allworth Financial LP increased its stake in shares of Danaos by 340.1% in the 4th quarter. Allworth Financial LP now owns 1,941 shares of the shipping company's stock valued at $149,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Danaos by 24.1% in the 4th quarter. Avior Wealth Management LLC now owns 2,321 shares of the shipping company's stock valued at $186,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 19.01% of the company's stock.

Wall Street Analyst Weigh In

DAC has been the subject of several recent analyst reports. Jefferies Financial Group restated a "buy" rating and issued a $105.00 price target on shares of Danaos in a research note on Tuesday, February 11th. StockNews.com upgraded Danaos from a "hold" rating to a "buy" rating in a research note on Monday, March 10th.

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Danaos Price Performance

NYSE:DAC traded down $1.08 during trading hours on Thursday, hitting $70.81. 48,216 shares of the stock were exchanged, compared to its average volume of 109,305. Danaos Co. has a 52-week low of $65.40 and a 52-week high of $98.25. The firm's fifty day moving average price is $79.30 and its 200 day moving average price is $80.82. 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 market cap of $1.34 billion, a P/E ratio of 2.74 and a beta of 1.32.

Danaos (NYSE:DAC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The shipping company reported $6.50 EPS for the quarter, missing the consensus estimate of $6.52 by ($0.02). Danaos had a return on equity of 16.03% and a net margin of 49.81%. As a group, equities research analysts anticipate that Danaos Co. will post 29.21 EPS for the current fiscal year.

Danaos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Monday, February 24th. Danaos's dividend payout ratio is currently 13.12%.

About Danaos

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.