5,166 Shares in Danaos Corporation $DAC Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. purchased a new position in shares of Danaos Corporation (NYSE:DAC) during the 4th quarter, Holdings Channel.com reports. The firm purchased 5,166 shares of the shipping company’s stock, valued at approximately $487,000.

Several other large investors have also made changes to their positions in the company. R Squared Ltd boosted its position in shares of Danaos by 12.0% during the 4th quarter. R Squared Ltd now owns 2,824 shares of the shipping company’s stock worth $266,000 after acquiring an additional 303 shares in the last quarter. U S Global Investors Inc. acquired a new stake in shares of Danaos during the 4th quarter worth approximately $204,000. PFG Advisors boosted its position in shares of Danaos by 21.4% during the 4th quarter. PFG Advisors now owns 9,275 shares of the shipping company’s stock worth $874,000 after acquiring an additional 1,637 shares in the last quarter. Clark Asset Management LLC acquired a new stake in shares of Danaos during the 4th quarter worth approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Danaos by 60.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,260 shares of the shipping company’s stock worth $495,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 19.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAC. Freedom Capital raised shares of Danaos to a “hold” rating in a research note on Tuesday, March 10th. 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, Fearnley Fonds raised shares of Danaos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $105.00.

Danaos Price Performance

Shares of NYSE DAC opened at $129.64 on Wednesday. Danaos Corporation has a twelve month low of $82.75 and a twelve month high of $135.21. The firm has a fifty day simple moving average of $118.63 and a 200 day simple moving average of $106.33. The company has a market capitalization of $2.36 billion, a PE ratio of 4.57 and a beta of 0.90. The company has a quick ratio of 8.40, a current ratio of 8.66 and a debt-to-equity ratio of 0.26.

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

Danaos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, May 26th. Danaos’s dividend payout ratio (DPR) is currently 12.70%.

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.