GSA Capital Partners LLP Sells 4,604 Shares of Danaos Corporation $DAC

GSA Capital Partners LLP lowered its stake in shares of Danaos Corporation (NYSE:DAC) by 54.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,826 shares of the shipping company’s stock after selling 4,604 shares during the quarter. GSA Capital Partners LLP’s holdings in Danaos were worth $344,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. grew its position in Danaos by 15,500.0% in the 2nd 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. acquired a new position in shares of Danaos during the second quarter valued at about $64,000. Tower Research Capital LLC TRC bought a new stake in shares of Danaos in the second quarter valued at about $67,000. TD Waterhouse Canada Inc. acquired a new stake in Danaos during the second quarter worth about $107,000. Finally, State of Wyoming increased its stake in Danaos by 205.3% during the second 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 period. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Danaos in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Danaos currently has a consensus rating of “Buy” and an average price target of $105.00.

Danaos Stock Up 2.2%

NYSE DAC opened at $116.71 on Friday. Danaos Corporation has a 1-year low of $65.40 and a 1-year high of $116.85. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 4.36 and a beta of 1.08. The stock’s 50 day moving average is $101.43 and its two-hundred day moving average is $95.56. The company has a current ratio of 4.62, a quick ratio of 4.51 and a debt-to-equity ratio of 0.18.

Danaos (NYSE:DAC) last posted its earnings results on Monday, February 9th. The shipping company reported $7.14 EPS for the quarter, topping the consensus estimate of $6.46 by $0.68. The business had revenue of $266.27 million during the quarter, compared to the consensus estimate of $253.00 million. Danaos had a return on equity of 13.50% and a net margin of 47.45%. Equities analysts forecast that Danaos Corporation will post 29.21 earnings per share for the current fiscal year.

Danaos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, February 23rd. Danaos’s payout ratio is currently 13.44%.

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.