Danaos Co. (NYSE:DAC) Shares Acquired by TrueMark Investments LLC

TrueMark Investments LLC boosted its holdings in shares of Danaos Co. (NYSE:DAC - Free Report) by 252.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,485 shares of the shipping company's stock after acquiring an additional 46,930 shares during the period. Danaos comprises 1.7% of TrueMark Investments LLC's portfolio, making the stock its 15th largest holding. TrueMark Investments LLC owned approximately 0.34% of Danaos worth $5,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DAC. Sei Investments Co. boosted its stake in shares of Danaos by 12.8% during the 4th quarter. Sei Investments Co. now owns 32,629 shares of the shipping company's stock worth $2,613,000 after purchasing an additional 3,696 shares during the last quarter. State Street Corp grew its stake in Danaos by 2.3% in the 3rd quarter. State Street Corp now owns 24,098 shares of the shipping company's stock worth $2,090,000 after acquiring an additional 547 shares during the period. DGS Capital Management LLC raised its holdings in Danaos by 71.6% in the 4th quarter. DGS Capital Management LLC now owns 23,945 shares of the shipping company's stock valued at $1,917,000 after acquiring an additional 9,994 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Danaos by 61.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,697 shares of the shipping company's stock worth $1,097,000 after purchasing an additional 5,228 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Danaos by 5.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 9,258 shares of the shipping company's stock worth $741,000 after purchasing an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 19.01% of the company's stock.

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Danaos Trading Up 0.3 %

NYSE:DAC traded up $0.27 during trading hours on Friday, reaching $79.34. 101,970 shares of the company were exchanged, compared to its average volume of 108,243. Danaos Co. has a 52-week low of $71.32 and a 52-week high of $98.25. The stock has a 50 day simple moving average of $80.38 and a 200 day simple moving average of $81.36. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 3.06 and a beta of 1.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78.

Danaos (NYSE:DAC - Get Free Report) last issued its earnings results on Monday, February 10th. The shipping company reported $6.50 earnings per share for the quarter, missing analysts' consensus estimates of $6.52 by ($0.02). Danaos had a net margin of 49.81% and a return on equity of 16.03%. As a group, analysts predict that Danaos Co. will post 29.21 EPS for the current year.

Danaos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Monday, February 24th. Danaos's dividend payout ratio (DPR) is presently 13.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com upgraded Danaos from a "hold" rating to a "buy" rating in a research note on Monday, March 10th. Jefferies Financial Group reaffirmed a "buy" rating and set a $105.00 price objective on shares of Danaos in a research note on Tuesday, February 11th.

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.