Cynosure Group LLC Invests $372,000 in DHT Holdings, Inc. (NYSE:DHT)

Cynosure Group LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 33,709 shares of the shipping company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DHT. Quarry LP raised its holdings in DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after acquiring an additional 3,717 shares during the period. Summit Securities Group LLC bought a new stake in shares of DHT during the 2nd quarter valued at $78,000. Nisa Investment Advisors LLC lifted its holdings in DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after purchasing an additional 2,361 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in DHT in the 2nd quarter worth about $80,000. Finally, Blue Trust Inc. grew its holdings in DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DHT shares. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Stifel Nicolaus decreased their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, BTIG Research began coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

DHT Price Performance

Shares of NYSE:DHT opened at $9.63 on Friday. DHT Holdings, Inc. has a one year low of $9.28 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.63 and a beta of -0.36. The company’s fifty day moving average price is $10.82 and its 200-day moving average price is $11.18.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business had revenue of $92.64 million for the quarter, compared to the consensus estimate of $87.51 million. During the same quarter last year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 9.14%. The ex-dividend date is Friday, November 22nd. DHT’s dividend payout ratio is currently 88.00%.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.