Semanteon Capital Management LP Makes New Investment in Danaos Co. (NYSE:DAC)

Semanteon Capital Management LP purchased a new stake in shares of Danaos Co. (NYSE:DAC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,580 shares of the shipping company’s stock, valued at approximately $413,000.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of Danaos by 23.2% during the third quarter. Acadian Asset Management LLC now owns 386,855 shares of the shipping company’s stock worth $25,600,000 after purchasing an additional 72,910 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Danaos by 3.1% during the 3rd quarter. Lazard Asset Management LLC now owns 87,538 shares of the shipping company’s stock worth $5,796,000 after purchasing an additional 2,645 shares during the period. Foundry Partners LLC purchased a new position in shares of Danaos in the 3rd quarter valued at $5,471,000. Qube Research & Technologies Ltd lifted its position in Danaos by 100.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 45,854 shares of the shipping company’s stock worth $3,036,000 after acquiring an additional 22,970 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Danaos in the 3rd quarter valued at about $1,711,000. Institutional investors own 19.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a $90.00 price target on shares of Danaos in a research note on Wednesday, February 14th.

Danaos Trading Up 2.0 %

DAC traded up $1.45 during trading hours on Friday, reaching $75.43. The company’s stock had a trading volume of 69,120 shares, compared to its average volume of 101,629. Danaos Co. has a fifty-two week low of $53.89 and a fifty-two week high of $80.39. The stock has a market cap of $1.46 billion, a PE ratio of 2.56 and a beta of 1.30. The business’s 50-day moving average is $72.13 and its 200-day moving average is $71.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.98 and a quick ratio of 2.84.

Danaos (NYSE:DAC) last released its quarterly earnings results on Tuesday, February 13th. The shipping company reported $6.99 EPS for the quarter, missing analysts’ consensus estimates of $7.70 by ($0.71). Danaos had a return on equity of 19.94% and a net margin of 59.19%. The firm had revenue of $249.32 million for the quarter, compared to analyst estimates of $254.37 million. As a group, equities research analysts predict that Danaos Co. will post 31.34 earnings per share for the current fiscal year.

Danaos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Tuesday, February 27th. Danaos’s dividend payout ratio (DPR) is 11.05%.

Danaos Company Profile

Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.