Dynamic Technology Lab Private Ltd Makes New $817,000 Investment in Danaos Corporation $DAC

Dynamic Technology Lab Private Ltd acquired a new stake in Danaos Corporation (NYSE:DAC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,093 shares of the shipping company’s stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in shares of Danaos during the 1st quarter valued at approximately $223,000. Goldman Sachs Group Inc. lifted its position in Danaos by 183.6% in the first quarter. Goldman Sachs Group Inc. now owns 46,215 shares of the shipping company’s stock worth $3,606,000 after buying an additional 29,921 shares during the last quarter. Assetmark Inc. boosted its stake in Danaos by 15,500.0% during the second quarter. Assetmark Inc. now owns 468 shares of the shipping company’s stock worth $40,000 after buying an additional 465 shares during the period. PFG Advisors increased its position in Danaos by 8.2% during the second quarter. PFG Advisors now owns 6,637 shares of the shipping company’s stock valued at $572,000 after acquiring an additional 502 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Danaos by 11.1% during the second quarter. SG Americas Securities LLC now owns 2,727 shares of the shipping company’s stock valued at $235,000 after acquiring an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Danaos in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $105.00.

Danaos Stock Performance

Danaos stock opened at $112.10 on Tuesday. The company has a 50 day moving average price of $104.16 and a 200-day moving average price of $96.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.23 and a current ratio of 3.28. Danaos Corporation has a fifty-two week low of $65.40 and a fifty-two week high of $118.82. The company has a market capitalization of $2.04 billion, a PE ratio of 4.19 and a beta of 0.98.

Danaos (NYSE:DAC) last announced its quarterly earnings results on Monday, February 9th. The shipping company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.46 by $0.68. Danaos had a return on equity of 13.31% and a net margin of 47.45%.The firm had revenue of $266.27 million during the quarter, compared to analyst estimates of $253.00 million. As a group, equities analysts forecast that Danaos Corporation will post 29.21 earnings per share for the current year.

Danaos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, February 23rd. Danaos’s dividend payout ratio is currently 13.44%.

Danaos Profile

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.