Y Intercept Hong Kong Ltd Acquires New Shares in Danaos Corporation $DAC

Y Intercept Hong Kong Ltd acquired a new stake in Danaos Corporation (NYSE:DAC) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,344 shares of the shipping company’s stock, valued at approximately $489,000.

A number of other large investors have also recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Danaos during the fourth quarter valued at about $43,000. Raymond James Financial Inc. bought a new stake in shares of Danaos during the 2nd quarter worth about $64,000. Tower Research Capital LLC TRC bought a new stake in shares of Danaos during the 2nd quarter worth about $67,000. Farther Finance Advisors LLC increased its holdings in shares of Danaos by 165.0% during the 4th quarter. Farther Finance Advisors LLC now owns 779 shares of the shipping company’s stock valued at $73,000 after acquiring an additional 485 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Danaos by 443.1% during the 4th quarter. Royal Bank of Canada now owns 869 shares of the shipping company’s stock valued at $82,000 after acquiring an additional 709 shares during the last quarter. 19.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Danaos from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, June 29th. Fearnley Fonds upgraded Danaos from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $105.00.

Danaos Price Performance

Shares of NYSE:DAC opened at $129.43 on Wednesday. The business has a 50 day moving average price of $128.50 and a 200 day moving average price of $115.61. Danaos Corporation has a twelve month low of $83.56 and a twelve month high of $135.21. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 4.57 and a beta of 0.89. The company has a quick ratio of 8.40, a current ratio of 8.66 and a debt-to-equity ratio of 0.26.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, May 11th. The shipping company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $5.86 by $0.86. The business had revenue of $253.70 million during the quarter, compared to analyst estimates of $242.20 million. Danaos had a net margin of 49.85% and a return on equity of 13.18%.

Danaos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Tuesday, July 21st will be paid a $0.90 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.8%. Danaos’s dividend payout ratio (DPR) is 12.70%.

About Danaos

Danaos Corporation is a leading independent owner and manager of containerships, specializing in long-term charters of modern vessels to major liner companies worldwide. The company’s core services include vessel acquisition and sale, technical and crew management, and commercial chartering, all aimed at supporting global containerized trade. Danaos leverages its in-house expertise in operations, maintenance and regulatory compliance to ensure reliable and efficient fleet performance.

Founded in 1972 by Dr.