4,422 Shares in Danaos Corporation $DAC Purchased by Diversified Trust Co

Diversified Trust Co bought a new stake in Danaos Corporation (NYSE:DAC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,422 shares of the shipping company’s stock, valued at approximately $498,000.

Several other large investors have also recently bought and sold shares of DAC. Kestra Advisory Services LLC acquired a new stake in shares of Danaos in the 4th quarter worth approximately $43,000. Raymond James Financial Inc. bought a new stake in Danaos during the second quarter worth approximately $64,000. Tower Research Capital LLC TRC bought a new stake in Danaos during the second quarter worth approximately $67,000. Farther Finance Advisors LLC lifted its position in Danaos by 165.0% in the fourth quarter. Farther Finance Advisors LLC now owns 779 shares of the shipping company’s stock worth $73,000 after purchasing an additional 485 shares during the period. Finally, Royal Bank of Canada lifted its position in Danaos by 443.1% in the fourth quarter. Royal Bank of Canada now owns 869 shares of the shipping company’s stock worth $82,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds own 19.01% of the company’s stock.

Danaos Trading Down 0.4%

Shares of DAC opened at $124.79 on Friday. The business’s 50-day moving average price is $126.84 and its 200 day moving average price is $112.79. The stock has a market capitalization of $2.27 billion, a P/E ratio of 4.40 and a beta of 0.91. Danaos Corporation has a 1-year low of $83.56 and a 1-year high of $135.21. The company has a current ratio of 8.66, a quick ratio of 8.40 and a debt-to-equity ratio of 0.26.

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

Danaos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.90 per share. The ex-dividend date was Tuesday, May 26th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.9%. Danaos’s payout ratio is currently 12.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Fearnley Fonds raised Danaos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised Danaos from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, May 6th. Finally, Freedom Capital raised Danaos to a “hold” rating in a report on Tuesday, March 10th. One equities research 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, Danaos currently has an average rating of “Buy” and a consensus target price of $105.00.

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.