Quadrature Capital Ltd Buys 1,553 Shares of Danaos Co. (NYSE:DAC)

Quadrature Capital Ltd increased its stake in shares of Danaos Co. (NYSE:DACFree Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,165 shares of the shipping company’s stock after acquiring an additional 1,553 shares during the quarter. Quadrature Capital Ltd owned approximately 0.12% of Danaos worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC grew its position in shares of Danaos by 40.9% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 36,418 shares of the shipping company’s stock worth $2,697,000 after buying an additional 10,577 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Danaos by 100.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 45,854 shares of the shipping company’s stock worth $3,036,000 after buying an additional 22,970 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Danaos by 14.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,600 shares of the shipping company’s stock worth $118,000 after buying an additional 199 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of Danaos in the 4th quarter worth approximately $940,000. Finally, Quadrant Capital Group LLC grew its position in shares of Danaos by 35.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,399 shares of the shipping company’s stock worth $326,000 after buying an additional 1,152 shares during the last quarter. 19.01% of the stock is currently owned by institutional investors.

Danaos Stock Down 1.2 %

DAC stock opened at $94.30 on Monday. Danaos Co. has a 1-year low of $62.37 and a 1-year high of $98.25. The business has a fifty day moving average price of $81.11 and a 200-day moving average price of $75.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.89 and a quick ratio of 3.75. The stock has a market capitalization of $1.83 billion, a P/E ratio of 3.20 and a beta of 1.36.

Danaos (NYSE:DACGet Free Report) last posted its quarterly earnings data on Tuesday, May 28th. The shipping company reported $7.15 EPS for the quarter, missing analysts’ consensus estimates of $7.71 by ($0.56). The firm had revenue of $253.45 million for the quarter. Danaos had a net margin of 59.04% and a return on equity of 18.99%. During the same period in the previous year, the business posted $7.14 EPS. Equities analysts forecast that Danaos Co. will post 29.18 earnings per share for the current fiscal year.

Danaos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Tuesday, June 11th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Tuesday, June 11th. Danaos’s dividend payout ratio (DPR) is presently 10.86%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price objective on Danaos from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th.

Get Our Latest Stock Analysis on DAC

About Danaos

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Danaos (NYSE:DAC)

Receive News & Ratings for Danaos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaos and related companies with MarketBeat.com's FREE daily email newsletter.