Corigliano Investment Advisers LLC Acquires New Shares in DHT Holdings, Inc. $DHT

Key Points

• Corigliano Investment Advisers LLC purchased 551,257 shares of DHT Holdings, Inc. for about $5.78 million, making it the 18th largest holding in their portfolio.
• DHT recently raised its quarterly dividend to $0.24, reflecting an annualized yield of 8.0% and up from the previous dividend of $0.17.
• Analysts have a consensus rating of "Moderate Buy" for DHT, with a price target set at $12.94, supported by a mix of "buy" and "hold" ratings from several firms.

Corigliano Investment Advisers LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 551,257 shares of the shipping company's stock, valued at approximately $5,788,000. DHT makes up about 2.6% of Corigliano Investment Advisers LLC's investment portfolio, making the stock its 18th biggest holding. Corigliano Investment Advisers LLC owned approximately 0.34% of DHT as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of DHT. Tower Research Capital LLC TRC boosted its stake 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 buying an additional 1,265 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in DHT by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,446 shares of the shipping company's stock valued at $488,000 after buying an additional 8,310 shares in the last quarter. Northern Trust Corp boosted its stake in DHT by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock valued at $14,107,000 after buying an additional 24,710 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in DHT by 33.2% in the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock valued at $4,078,000 after buying an additional 109,376 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in DHT by 10.3% in the 4th quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company's stock valued at $2,289,000 after buying an additional 22,949 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Trading Down 3.0%

Shares of DHT traded down $0.39 during trading hours on Tuesday, hitting $12.25. 1,026,313 shares of the stock traded hands, compared to its average volume of 1,742,048. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.93. The firm has a market capitalization of $1.97 billion, a PE ratio of 10.38 and a beta of 0.03. The business has a fifty day moving average of $11.32 and a 200-day moving average of $11.04.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. DHT had a return on equity of 16.36% and a net margin of 36.58%.The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. Analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.8%. This is a boost from DHT's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, August 18th. DHT's payout ratio is currently 81.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DHT. Zacks Research raised DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 price target on shares of DHT in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.