Sunbelt Securities Inc. purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,500 shares of the shipping company’s stock, valued at approximately $50,000.
Several other institutional investors have also bought and sold shares of DHT. Wasatch Advisors LP purchased a new stake in shares of DHT during the 3rd quarter valued at about $55,472,000. FMR LLC increased its stake in DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. Acadian Asset Management LLC raised its position in DHT by 43.8% during the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock valued at $39,184,000 after purchasing an additional 1,032,832 shares during the period. American Century Companies Inc. lifted its stake in shares of DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after purchasing an additional 873,356 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of DHT by 1,144.6% in the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after purchasing an additional 624,266 shares during the period. Institutional investors own 58.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research report on Thursday. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. BTIG Research assumed coverage on shares of DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group restated a “buy” rating and set a $14.00 target price on shares of DHT in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $13.54.
DHT Price Performance
DHT stock opened at $9.12 on Monday. 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 stock has a market cap of $1.47 billion, a price-to-earnings ratio of 9.12 and a beta of -0.37. The firm has a 50-day moving average of $10.40 and a two-hundred day moving average of $10.93. DHT Holdings, Inc. has a 1 year low of $8.69 and a 1 year high of $12.80.
DHT (NYSE:DHT – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, research analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current year.
DHT Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.65%. DHT’s dividend payout ratio is currently 88.00%.
DHT 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.
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