Danaos Corporation (NYSE:DAC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $123.85 and traded as high as $151.48. Danaos shares last traded at $150.5670, with a volume of 139,825 shares traded.
Analyst Ratings Changes
Several brokerages have recently commented on DAC. Weiss Ratings upgraded Danaos from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Tuesday, July 28th. Freedom Capital raised shares of Danaos from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Finally, Fearnley Fonds upgraded shares of Danaos from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".
Check Out Our Latest Analysis on Danaos
Danaos Stock Up 0.5%
The business's 50 day moving average is $133.70 and its 200 day moving average is $123.85. The company has a quick ratio of 9.15, a current ratio of 9.30 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.74 billion, a P/E ratio of 5.10 and a beta of 0.89.
Danaos (NYSE:DAC - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The shipping company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.80 by $0.49. The business had revenue of $274.37 million for the quarter, compared to the consensus estimate of $258.27 million. Danaos had a return on equity of 13.20% and a net margin of 51.26%.
Danaos Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Tuesday, July 21st were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $3.60 dividend on an annualized basis and a yield of 2.4%. Danaos's dividend payout ratio (DPR) is presently 12.18%.
Hedge Funds Weigh In On Danaos
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Danaos during the fourth quarter valued at about $43,000. Ascentis Independent Advisors bought a new stake in shares of Danaos in the 1st quarter valued at about $56,000. Raymond James Financial Inc. purchased a new position in shares of Danaos in the 2nd quarter worth approximately $64,000. Tower Research Capital LLC TRC purchased a new position in shares of Danaos in the 2nd quarter worth approximately $67,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Danaos by 165.0% during the 4th quarter. Farther Finance Advisors LLC now owns 779 shares of the shipping company's stock worth $73,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 19.01% of the company's stock.
About Danaos
(
Get Free Report)
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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