Creative Planning Buys 644 Shares of Danaos Co. (NYSE:DAC)

Creative Planning grew its stake in Danaos Co. (NYSE:DAC) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,339 shares of the shipping company’s stock after purchasing an additional 644 shares during the period. Creative Planning’s holdings in Danaos were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Danaos in the 2nd quarter valued at $37,000. Scarborough Advisors LLC acquired a new stake in Danaos in the 4th quarter valued at about $49,000. Signaturefd LLC increased its holdings in shares of Danaos by 21.4% during the 2nd quarter. Signaturefd LLC now owns 692 shares of the shipping company’s stock worth $64,000 after acquiring an additional 122 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Danaos during the 2nd quarter worth about $76,000. Finally, Blue Trust Inc. lifted its position in Danaos by 7,620.0% during the second quarter. Blue Trust Inc. now owns 1,158 shares of the shipping company’s stock worth $107,000 after acquiring an additional 1,143 shares during the last quarter. 19.01% of the stock is owned by institutional investors and hedge funds.

Danaos Stock Down 0.1 %

NYSE DAC opened at $86.96 on Friday. The company has a current ratio of 4.18, a quick ratio of 4.04 and a debt-to-equity ratio of 0.17. Danaos Co. has a 1-year low of $62.37 and a 1-year high of $98.25. The company has a 50 day moving average of $82.39 and a 200-day moving average of $83.51. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 2.96 and a beta of 1.47.

Danaos (NYSE:DAC) last posted its earnings results on Monday, August 5th. The shipping company reported $6.78 earnings per share for the quarter, missing analysts’ consensus estimates of $7.04 by ($0.26). The company had revenue of $246.31 million for the quarter, compared to the consensus estimate of $238.83 million. Danaos had a return on equity of 17.88% and a net margin of 58.15%. During the same period in the previous year, the firm posted $7.14 EPS. On average, equities research analysts expect that Danaos Co. will post 28.43 earnings per share for the current fiscal year.

Danaos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Tuesday, August 20th. Danaos’s dividend payout ratio is currently 10.90%.

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.