5 Best Shipping and Container Stocks To Buy

3. Danaos Corporation (NYSE:DAC)

Number of Hedge Fund Holders: 18

With a dividend yield of 2.70%, Danaos Corporation (NYSE:DAC) ranks fourth on the best shipping and container stocks to buy. The company pays its shareholders an annual dividend of $1 per share. 

The Greek shipping company boasts a fleet of 71 container vessels ranging from 2,200 TEU to 13,100 TEU. In the second quarter of 2021, Danaos Corporation (NYSE:DAC) announced a 25.3% increase in operating revenues totaling $146.6 million. Shares of Danaos Corporation (NYSE:DAC) soared 777% in the past twelve months and increased 248%, year to date.

At the end of the second quarter of 2021, 18 hedge funds held stakes in Danaos Corporation (NYSE:DAC) worth $163 million. This is compared to 12 hedge funds in the previous quarter, with stakes worth $122 million.