Danaos Corporation $DAC Position Increased by Midwest Professional Planners LTD.

Key Points

• Midwest Professional Planners LTD. increased its Danaos position by 225.1% in the second quarter, acquiring 11,670 additional shares for a total of 16,855 shares valued at approximately $2.06 million. Institutional investors and hedge funds collectively own 19.01% of Danaos.
• Analyst sentiment is strongly positive: Freedom Capital upgraded Danaos to “strong buy,” Weiss Ratings raised its rating to “buy (a-),” and the stock has a consensus “Strong Buy” rating from three analysts.
• Danaos exceeded quarterly expectations with $7.29 in earnings per share versus the $6.80 consensus and revenue of $274.37 million. The company also declared a $0.90 quarterly dividend, equivalent to a $3.60 annualized payout and a 2.4% yield.

Midwest Professional Planners LTD. boosted its position in shares of Danaos Corporation (NYSE:DAC - Free Report) by 225.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,855 shares of the shipping company's stock after purchasing an additional 11,670 shares during the period. Midwest Professional Planners LTD. owned 0.09% of Danaos worth $2,063,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Danaos during the 1st quarter worth about $223,000. Goldman Sachs Group Inc. grew its stake in shares of Danaos by 183.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,215 shares of the shipping company's stock valued at $3,606,000 after buying an additional 29,921 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Danaos by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 82,834 shares of the shipping company's stock worth $7,144,000 after buying an additional 23,593 shares during the last quarter. Marshall Wace LLP bought a new position in Danaos during the second quarter valued at approximately $276,000. Finally, Jump Financial LLC bought a new position in Danaos during the second quarter valued at approximately $1,682,000. 19.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on DAC shares. Freedom Capital raised shares of Danaos from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Danaos from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Danaos Stock Performance

DAC opened at $150.99 on Wednesday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 5.11 and a beta of 0.89. The stock's 50 day moving average price is $136.54 and its two-hundred day moving average price is $125.87. The company has a quick ratio of 9.15, a current ratio of 9.30 and a debt-to-equity ratio of 0.29. Danaos Corporation has a 12-month low of $83.56 and a 12-month high of $152.98.

Danaos (NYSE:DAC - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The shipping company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.80 by $0.49. The company had revenue of $274.37 million during the quarter, compared to analyst estimates of $258.27 million. Danaos had a return on equity of 13.20% and a net margin of 51.26%.

Danaos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Tuesday, July 21st were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, July 21st. Danaos's dividend payout ratio (DPR) is currently 12.18%.

Danaos Company 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.

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