Robert Bishop’s Value Fund is Up 10% in 2022: Top 5 Stock Picks

3. Danaos Corporation (NYSE:DAC)

Impala Asset Management’s Stake Value: $78,932,000

Percentage of Impala Asset Management’s 13F Portfolio: 6.81%

Number of Hedge Fund Holders: 20

Danaos Corporation (NYSE:DAC) is a transportation company that charters containerships in Australia, Asia, Europe, and the United States. The company declared on May 16 a $0.75 per share quarterly dividend, payable on June 8 to shareholders of record on May 27. Danaos Corporation (NYSE:DAC) delivered a dividend yield of 3.62% on May 23. 

Securities filings for Q1 2022 reveal that Robert Bishop’s Impala Asset Management owns 769,471 shares of Danaos Corporation (NYSE:DAC), worth about $79 million, representing 6.81% of the total holdings for the period. 

On May 16, Danaos Corporation (NYSE:DAC) reported earnings for the first quarter of 2022. The company announced an EPS of $11.36, beating estimates by $5.22. The revenue of $229.90 million jumped 74.01% year-over-year, outperforming market consensus estimates $30.90 million. 

According to Insider Monkey’s first quarter database, 20 hedge funds were long Danaos Corporation (NYSE:DAC), compared to 21 funds in the fourth quarter of 2021. In Q1 2022, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was a notable shareholder of the company, with 361,198 shares worth $37 million.