118,327 Shares in DHT Holdings, Inc. (NYSE:DHT) Purchased by Summit Financial LLC

Summit Financial LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 118,327 shares of the shipping company’s stock, valued at approximately $1,099,000. Summit Financial LLC owned about 0.07% of DHT at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management bought a new position in shares of DHT during the fourth quarter valued at approximately $36,000. Sunbelt Securities Inc. bought a new position in DHT in the 3rd quarter worth $50,000. New Age Alpha Advisors LLC purchased a new stake in shares of DHT in the 4th quarter worth about $71,000. SBI Securities Co. Ltd. bought a new stake in shares of DHT during the 4th quarter valued at about $108,000. Finally, Soros Fund Management LLC purchased a new position in shares of DHT during the third quarter valued at about $114,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group upped their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.68.

DHT Price Performance

DHT stock opened at $10.57 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The firm has a 50 day moving average price of $10.87 and a 200-day moving average price of $10.54. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.43 and a beta of -0.38.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is 60.71%.

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.