Aristides Capital LLC Purchases 1,447 Shares of Danaos Co. (NYSE:DAC)

Aristides Capital LLC grew its position in shares of Danaos Co. (NYSE:DAC) by 55.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,068 shares of the shipping company’s stock after acquiring an additional 1,447 shares during the quarter. Aristides Capital LLC’s holdings in Danaos were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in Danaos by 31.5% during the 4th quarter. Wells Fargo & Company MN now owns 28,382 shares of the shipping company’s stock valued at $2,273,000 after purchasing an additional 6,804 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Danaos during the fourth quarter valued at about $32,000. Arrowstreet Capital Limited Partnership increased its position in shares of Danaos by 18.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 314,787 shares of the shipping company’s stock worth $25,205,000 after acquiring an additional 48,155 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Danaos in the 4th quarter worth about $87,000. Finally, JPMorgan Chase & Co. lifted its position in Danaos by 71.8% in the 4th quarter. JPMorgan Chase & Co. now owns 51,291 shares of the shipping company’s stock valued at $4,107,000 after acquiring an additional 21,430 shares in the last quarter. 19.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAC has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $105.00 price objective on shares of Danaos in a report on Tuesday, February 11th. StockNews.com upgraded Danaos from a “hold” rating to a “buy” rating in a report on Monday, March 10th.

Danaos Stock Down 6.0 %

DAC opened at $69.15 on Monday. Danaos Co. has a fifty-two week low of $67.00 and a fifty-two week high of $98.25. The firm has a market capitalization of $1.31 billion, a P/E ratio of 2.67 and a beta of 1.32. The company’s 50-day moving average is $80.25 and its 200 day moving average is $81.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78.

Danaos (NYSE:DAC) last posted its earnings results on Monday, February 10th. The shipping company reported $6.50 EPS for the quarter, missing the consensus estimate of $6.52 by ($0.02). Danaos had a return on equity of 16.03% and a net margin of 49.81%. Research analysts expect that Danaos Co. will post 29.21 earnings per share for the current fiscal year.

Danaos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $3.40 annualized dividend and a yield of 4.92%. Danaos’s payout ratio is 13.12%.

Danaos Company 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.