Fiera Capital Corp Sells 13,372 Shares of Danaos Corporation $DAC

Fiera Capital Corp decreased its position in Danaos Corporation (NYSE:DAC) by 84.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,485 shares of the shipping company’s stock after selling 13,372 shares during the period. Fiera Capital Corp’s holdings in Danaos were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DAC. JPMorgan Chase & Co. raised its stake in shares of Danaos by 18.5% during the third quarter. JPMorgan Chase & Co. now owns 98,179 shares of the shipping company’s stock valued at $8,817,000 after acquiring an additional 15,345 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Danaos in the 3rd quarter worth approximately $817,000. Shikiar Asset Management Inc. bought a new stake in shares of Danaos in the 4th quarter worth approximately $603,000. Hi Line Capital Management LLC grew its position in shares of Danaos by 98.6% in the 3rd quarter. Hi Line Capital Management LLC now owns 57,133 shares of the shipping company’s stock worth $5,131,000 after buying an additional 28,365 shares during the last quarter. Finally, Midwest Professional Planners LTD. bought a new stake in shares of Danaos in the 4th quarter worth approximately $487,000. Institutional investors own 19.01% of the company’s stock.

Danaos Stock Performance

Shares of NYSE DAC opened at $128.47 on Thursday. The firm has a 50 day moving average of $124.19 and a 200 day moving average of $110.40. The company has a current ratio of 8.66, a quick ratio of 8.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 4.53 and a beta of 0.91. Danaos Corporation has a 12-month low of $83.56 and a 12-month high of $135.21.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, May 11th. The shipping company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $0.86. Danaos had a return on equity of 13.18% and a net margin of 49.85%.The company had revenue of $253.70 million during the quarter, compared to the consensus estimate of $242.20 million.

Danaos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, May 26th. Danaos’s payout ratio is currently 12.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Fearnley Fonds raised shares of Danaos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Danaos from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, May 6th. Finally, Freedom Capital raised shares of Danaos to a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $105.00.

About Danaos

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.