State of Wyoming Has $81,000 Stake in Danaos Corporation $DAC

State of Wyoming trimmed its position in shares of Danaos Corporation (NYSE:DAC) by 83.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721 shares of the shipping company’s stock after selling 3,576 shares during the period. State of Wyoming’s holdings in Danaos were worth $81,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ION Fund Management Ltd bought a new position in shares of Danaos in the fourth quarter worth about $39,538,000. Ion Asset Management Ltd. lifted its position in shares of Danaos by 15.5% during the 2nd quarter. Ion Asset Management Ltd. now owns 654,308 shares of the shipping company’s stock worth $56,428,000 after purchasing an additional 87,614 shares during the last quarter. Millennium Management LLC lifted its position in shares of Danaos by 161.8% during the 3rd quarter. Millennium Management LLC now owns 133,401 shares of the shipping company’s stock worth $11,981,000 after purchasing an additional 82,450 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Danaos by 58.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 106,089 shares of the shipping company’s stock valued at $9,991,000 after purchasing an additional 38,958 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Danaos during the 3rd quarter valued at approximately $2,541,000. 19.01% of the stock is owned by institutional investors and hedge funds.

Danaos Stock Performance

NYSE DAC opened at $142.08 on Tuesday. The company’s fifty day moving average is $129.53 and its two-hundred day moving average is $119.49. Danaos Corporation has a 52-week low of $83.56 and a 52-week high of $143.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.66 and a quick ratio of 8.40. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 5.01 and a beta of 0.89.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, August 3rd. The shipping company reported $7.29 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.49. Danaos had a net margin of 49.85% and a return on equity of 13.18%. The business had revenue of $274.37 million during the quarter, compared to analyst estimates of $258.27 million.

Danaos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Tuesday, July 21st were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, July 21st. Danaos’s payout ratio is currently 12.70%.

Analyst Ratings Changes

DAC has been the topic of several recent analyst reports. Fearnley Fonds raised Danaos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised Danaos from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $105.00.

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.