Alps Advisors Inc. Takes $354,000 Position in DHT Holdings, Inc. (NYSE:DHT)

Alps Advisors Inc. purchased a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,680 shares of the shipping company's stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in DHT by 921.3% during the first quarter. Nisa Investment Advisors LLC now owns 23,736 shares of the shipping company's stock valued at $249,000 after acquiring an additional 21,412 shares during the last quarter. Principal Financial Group Inc. lifted its position in DHT by 9.5% during the first quarter. Principal Financial Group Inc. now owns 118,131 shares of the shipping company's stock valued at $1,240,000 after buying an additional 10,225 shares during the period. Rossby Financial LCC raised its position in shares of DHT by 25.1% in the 1st quarter. Rossby Financial LCC now owns 38,900 shares of the shipping company's stock worth $412,000 after purchasing an additional 7,800 shares during the last quarter. Monument Capital Management bought a new stake in DHT in the 1st quarter worth about $243,000. Finally, International Assets Investment Management LLC grew its stake in shares of DHT by 4.7% during the 1st quarter. International Assets Investment Management LLC now owns 64,107 shares of the shipping company's stock valued at $673,000 after purchasing an additional 2,900 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Up 0.5%

NYSE DHT traded up $0.05 during trading on Thursday, hitting $11.00. The company's stock had a trading volume of 1,545,116 shares, compared to its average volume of 1,840,879. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.59 and a quick ratio of 1.29. The company has a market cap of $1.77 billion, a PE ratio of 10.00 and a beta of 0.05. The business's 50 day simple moving average is $11.40 and its 200-day simple moving average is $10.88. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week 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, topping analysts' consensus estimates of $0.15 by $0.12. DHT had a return on equity of 17.08% and a net margin of 32.87%. The firm had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company's revenue was down 25.4% compared to the same quarter last year. On average, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Investors 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 of this dividend was Wednesday, May 21st. DHT's dividend payout ratio (DPR) is 54.55%.

Wall Street Analyst Weigh In

DHT has been the topic of several recent research reports. Evercore ISI decreased their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. Three investment 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

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.