5,260 Shares in Danaos Corporation $DAC Purchased by Mirae Asset Global Investments Co. Ltd.

Posted by Stanley Muller on Nov 9th, 2026

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Danaos Corporation (NYSE:DAC – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor acquired 5,260 shares of the shipping company’s stock, valued at approximately $812,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Danaos during the 2nd quarter worth approximately $1,519,000. Allianz Asset Management GmbH purchased a new position in Danaos during the second quarter valued at approximately $1,716,000. Renaissance Technologies LLC lifted its holdings in Danaos by 117.1% during the first quarter. Renaissance Technologies LLC now owns 83,800 shares of the shipping company’s stock valued at $9,439,000 after purchasing an additional 45,200 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Danaos by 206.4% during the first quarter. Lazard Asset Management LLC now owns 15,815 shares of the shipping company’s stock valued at $1,781,000 after purchasing an additional 10,654 shares in the last quarter. Finally, Midwest Professional Planners LTD. boosted its position in shares of Danaos by 225.1% in the second quarter. Midwest Professional Planners LTD. now owns 16,855 shares of the shipping company’s stock worth $2,063,000 after purchasing an additional 11,670 shares during the period. 19.01% of the stock is owned by hedge funds and other institutional investors.

Danaos Stock Performance

NYSE DAC opened at $148.42 on Monday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 5.02 and a beta of 0.94. The company has a quick ratio of 9.15, a current ratio of 9.30 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $157.82 and a 200-day moving average price of $131.75. Danaos Corporation has a twelve month low of $91.48 and a twelve month high of $172.76.

Danaos Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Tuesday, October 13th were paid a dividend of $1.00 per share. This is a boost from Danaos’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $4.00 annualized dividend and a yield of 2.7%. Danaos’s dividend payout ratio is 13.54%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Danaos from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. Freedom Capital upgraded shares of Danaos from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Check Out Our Latest Analysis on DAC

About Danaos

(Free Report)

Danaos Corporation is an international owner and operator of containerships that charters its vessels to major liner companies. Its ships support global cargo transportation, while the company provides vessel operations and technical management services.

Founded in 1972, Danaos has grown from a family shipping business into a major independent containership owner. It has also expanded into dry bulk shipping, with vessels serving the seaborne transport of commodities.

Headquartered in Piraeus, Greece, Danaos serves customers involved in international trade across global shipping routes.