nVerses Capital LLC Acquires 300 Shares of Danaos Co. (NYSE:DAC)

nVerses Capital LLC raised its stake in shares of Danaos Co. (NYSE:DAC) by 75.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 700 shares of the shipping company’s stock after acquiring an additional 300 shares during the period. nVerses Capital LLC’s holdings in Danaos were worth $61,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its position in Danaos by 9.3% during the third quarter. Creative Planning now owns 9,116 shares of the shipping company’s stock valued at $791,000 after purchasing an additional 777 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Danaos by 7.5% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 8,773 shares of the shipping company’s stock valued at $761,000 after buying an additional 614 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Danaos during the 3rd quarter valued at $327,000. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Danaos by 17,600,000.0% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 176,001 shares of the shipping company’s stock worth $16,255,000 after buying an additional 176,000 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in Danaos during the second quarter valued at $228,000. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Danaos Stock Up 1.0 %

DAC stock opened at $85.30 on Tuesday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 2.90 and a beta of 1.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.04 and a current ratio of 4.18. The business’s 50-day moving average is $82.73 and its two-hundred day moving average is $84.14. Danaos Co. has a fifty-two week low of $62.37 and a fifty-two week high of $98.25.

Danaos (NYSE:DAC) last posted its quarterly earnings data on Monday, August 5th. The shipping company reported $6.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.04 by ($0.26). The business had revenue of $246.31 million during the quarter, compared to analysts’ expectations 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 business posted $7.14 EPS. As a group, analysts forecast that Danaos Co. will post 28.43 earnings per share for the current year.

Danaos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 20th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $3.20 annualized dividend and a dividend yield of 3.75%. Danaos’s dividend payout ratio (DPR) is 10.86%.

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.