Danaos (NYSE:DAC) Hits New 1-Year High – Here’s What Happened

Posted by Stanley Muller on Aug 25th, 2026

Danaos Corporation (NYSE:DAC – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $152.98 and last traded at $152.3410, with a volume of 157525 shares traded. The stock had previously closed at $150.50.

Analyst Ratings Changes

Several brokerages have recently weighed in on DAC. Freedom Capital upgraded Danaos from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Danaos from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 28th. Finally, Fearnley Fonds upgraded shares of Danaos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

View Our Latest Report on DAC

Danaos Stock Performance

The company’s 50-day moving average price is $133.70 and its 200 day moving average price is $123.85. The stock has a market capitalization of $2.77 billion, a PE ratio of 5.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 9.15 and a current ratio of 9.30.

Danaos (NYSE:DAC – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The shipping company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.49. Danaos had a return on equity of 13.20% and a net margin of 51.26%.The business had revenue of $274.37 million during the quarter, compared to the consensus estimate of $258.27 million.

Danaos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Tuesday, July 21st were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, July 21st. Danaos’s dividend payout ratio (DPR) is currently 12.18%.

Institutional Trading of Danaos

A number of institutional investors have recently made changes to their positions in DAC. ION Fund Management Ltd bought a new position in shares of Danaos in the 4th quarter worth approximately $39,538,000. Ion Asset Management Ltd. increased its holdings in Danaos by 15.5% during the second quarter. Ion Asset Management Ltd. now owns 654,308 shares of the shipping company’s stock valued at $56,428,000 after buying an additional 87,614 shares during the last quarter. Millennium Management LLC increased its holdings in Danaos by 161.8% during the third quarter. Millennium Management LLC now owns 133,401 shares of the shipping company’s stock valued at $11,981,000 after buying an additional 82,450 shares during the last quarter. Renaissance Technologies LLC raised its position in Danaos by 117.1% in the first quarter. Renaissance Technologies LLC now owns 83,800 shares of the shipping company’s stock worth $9,439,000 after acquiring an additional 45,200 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Danaos by 58.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 106,089 shares of the shipping company’s stock worth $9,991,000 after acquiring an additional 38,958 shares during the period. Hedge funds and other institutional investors own 19.01% of the company’s stock.

About Danaos

(Get Free Report)

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.