44,314 Shares in DHT Holdings, Inc. (NYSE:DHT) Acquired by Cerity Partners LLC

Key Points

• Cerity Partners LLC acquired 44,314 shares of DHT Holdings, Inc. valued at approximately $465,000 in the first quarter.
• DHT Holdings reported a quarterly EPS of $0.27, surpassing estimates, despite a 25.4% year-over-year revenue decline.
• The company recently declared a $0.15 dividend, yielding 5.1%, with a payout ratio of 54.55%.

Cerity Partners LLC acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,314 shares of the shipping company's stock, valued at approximately $465,000.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC grew its stake in DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after buying an additional 1,073 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after buying an additional 1,265 shares during the period. Banque Transatlantique SA acquired a new stake in shares of DHT in the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC lifted its holdings in shares of DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after buying an additional 3,856 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in DHT during the fourth quarter worth $71,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHT. Jefferies Financial Group reissued a "buy" rating and set a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI reduced their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $12.94.

DHT Stock Up 0.0%

DHT stock traded up $0.01 during midday trading on Tuesday, hitting $11.31. The stock had a trading volume of 84,498 shares, compared to its average volume of 1,798,744. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.82 billion, a P/E ratio of 10.27 and a beta of 0.05. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.32. The business has a fifty day moving average price of $11.33 and a 200 day moving average price of $10.96.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The firm had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.08% and a net margin of 32.87%. DHT's quarterly revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. Research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.15 per share. This represents a dividend yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT's dividend payout ratio (DPR) is presently 54.55%.

About DHT

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.