5 Best Value Stocks to Buy According to Robert Bishop’s Impala Asset Management

2. Danaos Corporation (NYSE:DAC)

Number of Hedge Fund Holders: 20

P/E Ratio as of May 25: 1.55

Danaos Corporation (NYSE:DAC) operates containerships in Australia, Asia, Europe, and the United States. The company on May 16 declared a $0.75 per share quarterly dividend, in line with previous. The dividend is payable on June 8, to shareholders of record on May 27. The company’s dividend yield on May 25 stood at 3.67%. 

On May 16, Danaos Corporation (NYSE:DAC) reported its Q1 results, posting earnings per share of $11.36, beating market consensus by $5.22. The revenue grew 74% year-over-year to $229.90 million, outperforming analysts’ predictions by $30.90 million.

Among the hedge funds tracked by Insider Monkey, Danaos Corporation (NYSE:DAC) was part of 20 public hedge fund portfolios at the end of Q1 2022, with collective stakes worth $211.8 million. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is one of the leading shareholders of the company, with 361,198 shares worth $37 million.