Osaic Holdings Inc. Buys 7,945 Shares of Danaos Corporation $DAC

Osaic Holdings Inc. boosted its stake in Danaos Corporation (NYSE:DAC) by 27.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,290 shares of the shipping company’s stock after purchasing an additional 7,945 shares during the quarter. Osaic Holdings Inc.’s holdings in Danaos were worth $3,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Assetmark Inc. increased its holdings in shares of Danaos by 15,500.0% in the second quarter. Assetmark Inc. now owns 468 shares of the shipping company’s stock worth $40,000 after purchasing an additional 465 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Danaos during the 2nd quarter valued at approximately $64,000. Tower Research Capital LLC TRC bought a new stake in Danaos in the 2nd quarter worth approximately $67,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Danaos during the 2nd quarter worth approximately $107,000. Finally, State of Wyoming boosted its position in shares of Danaos by 205.3% during the 2nd quarter. State of Wyoming now owns 2,128 shares of the shipping company’s stock valued at $184,000 after acquiring an additional 1,431 shares during the last quarter. Institutional investors own 19.01% of the company’s stock.

Danaos Price Performance

NYSE:DAC opened at $94.67 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 3.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.62 and a quick ratio of 4.51. The business has a 50 day simple moving average of $93.39 and a 200-day simple moving average of $91.48. Danaos Corporation has a 1 year low of $65.40 and a 1 year high of $100.00.

Danaos (NYSE:DAC) last released its quarterly earnings results on Monday, November 17th. The shipping company reported $6.75 earnings per share for the quarter, missing the consensus estimate of $7.17 by ($0.42). The company had revenue of $260.73 million for the quarter, compared to analysts’ expectations of $257.63 million. Danaos had a net margin of 45.16% and a return on equity of 13.49%. During the same quarter in the previous year, the company posted $6.50 EPS. Equities analysts forecast that Danaos Corporation will post 29.21 EPS for the current year.

Danaos Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Tuesday, December 2nd were issued a $0.90 dividend. This is a boost from Danaos’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, December 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.8%. Danaos’s dividend payout ratio (DPR) is 14.37%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Danaos in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.