Empowered Funds LLC Has $5.93 Million Position in 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 increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 85.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,472 shares of the shipping company's stock after purchasing an additional 259,276 shares during the period. Empowered Funds LLC owned approximately 0.35% of DHT worth $5,927,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Teza Capital Management LLC bought a new stake in DHT in the 1st quarter valued at approximately $146,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in DHT by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,078,387 shares of the shipping company's stock valued at $11,323,000 after acquiring an additional 91,594 shares in the last quarter. Interval Partners LP bought a new stake in DHT in the 1st quarter valued at approximately $511,000. Kettle Hill Capital Management LLC bought a new stake in DHT in the 1st quarter valued at approximately $3,523,000. Finally, Encompass Capital Advisors LLC bought a new stake in DHT in the 1st quarter valued at approximately $19,950,000. Institutional investors own 58.53% of the company's stock.

DHT Stock Up 2.1%

Shares of NYSE:DHT traded up $0.27 during trading on Wednesday, hitting $12.98. 647,636 shares of the company were exchanged, compared to its average volume of 1,762,754. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 11.00 and a beta of 0.03. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $13.04. The firm has a fifty day moving average price of $11.47 and a two-hundred day moving average price of $11.11. 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 (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. DHT had a return on equity of 16.36% and a net margin of 36.58%.The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. As a group, research analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from DHT's previous quarterly dividend of $0.17. DHT's payout ratio is presently 81.36%.

Analyst Ratings Changes

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