Alps Advisors Inc. Takes Position in DHT Holdings, Inc. (NYSE:DHT)

Alps Advisors Inc. acquired a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 33,680 shares of the shipping company's stock, valued at approximately $354,000.

Several other institutional investors and hedge funds have also made changes to their positions in DHT. GAMMA Investing LLC lifted its holdings in DHT by 81.5% in the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in 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 purchasing an additional 1,265 shares in the last quarter. Vident Advisory LLC lifted its holdings in DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company's stock valued at $495,000 after purchasing an additional 1,665 shares in the last quarter. Franklin Resources Inc. lifted its holdings in DHT by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock valued at $498,000 after purchasing an additional 1,740 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in DHT by 9.1% in the 4th quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company's stock valued at $243,000 after purchasing an additional 2,177 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Down 1.3%

NYSE:DHT traded down $0.14 during trading hours on Friday, hitting $10.86. The stock had a trading volume of 1,097,173 shares, compared to its average volume of 1,839,362. The company has a market cap of $1.74 billion, a PE ratio of 9.87 and a beta of 0.05. 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 business has a 50 day simple moving average of $11.40 and a two-hundred day simple moving average of $10.91. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.32.

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

DHT Announces Dividend

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

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of research analyst reports. Evercore ISI dropped their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and set a $15.00 price objective on shares of DHT in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, DHT has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

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.