Empowered Funds LLC Buys 259,276 Shares of DHT Holdings, Inc. $DHT

Key Points

• Empowered Funds LLC increased its stake in DHT Holdings, Inc. by 85%, acquiring an additional 259,276 shares, bringing its total ownership to 564,472 shares valued at approximately $5.93 million.
• DHT Holdings recently declared a quarterly dividend of $0.24 per share, up from the previous $0.17, resulting in a dividend yield of 7.8%.
• Analysts have a consensus rating of "Moderate Buy" for DHT, with price targets ranging up to $15.00 set by Jefferies Financial Group.

Empowered Funds LLC boosted its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 85.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 564,472 shares of the shipping company's stock after acquiring an additional 259,276 shares during the quarter. Empowered Funds LLC owned about 0.35% of DHT worth $5,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of DHT by 33.2% in the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock worth $4,078,000 after purchasing an additional 109,376 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of DHT in the 1st quarter worth approximately $112,000. GAMMA Investing LLC boosted its holdings in shares of DHT by 1,805.5% in the 1st quarter. GAMMA Investing LLC now owns 25,095 shares of the shipping company's stock worth $263,000 after purchasing an additional 23,778 shares during the period. Cerity Partners LLC purchased a new position in shares of DHT in the 1st quarter worth approximately $465,000. Finally, Millennium Management LLC boosted its holdings in shares of DHT by 129.6% in the 4th quarter. Millennium Management LLC now owns 69,507 shares of the shipping company's stock worth $646,000 after purchasing an additional 39,231 shares during the period. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Stock Performance

NYSE DHT opened at $12.33 on Friday. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The firm has a market capitalization of $1.98 billion, a P/E ratio of 10.45 and a beta of 0.03. The stock has a 50-day simple moving average of $11.39 and a two-hundred day simple moving average of $11.07.

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

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were paid a $0.24 dividend. The ex-dividend date was Monday, August 18th. 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. DHT's dividend payout ratio (DPR) is presently 81.36%.

Analysts Set New Price Targets

DHT has been the topic of a number of analyst reports. Zacks Research raised DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating and set a $15.00 target price on shares of DHT in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock 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.

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