Inspire Investing LLC Invests $729,000 in DHT Holdings, Inc. $DHT

Key Points

• Inspire Investing LLC has acquired 69,444 shares of DHT Holdings, valued at approximately $729,000, as part of a trend where several institutional investors have increased their stakes in the company.
• DHT Holdings recently raised its quarterly dividend from $0.17 to $0.24 per share, yielding 7.8% annually, reflecting strong shareholder returns amid steady performance.
• Despite a quarterly revenue decline of 10.5%, DHT reported earnings per share of $0.24, surpassing analysts' expectations, and has a current target price average of $12.94 with a rating of "Moderate Buy."

Inspire Investing LLC acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 69,444 shares of the shipping company's stock, valued at approximately $729,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DHT. Tower Research Capital LLC TRC lifted its position in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after acquiring an additional 1,265 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of DHT by 33.2% in the fourth quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock valued at $4,078,000 after purchasing an additional 109,376 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of DHT by 10.3% in the fourth quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company's stock valued at $2,289,000 after purchasing an additional 22,949 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of DHT in the fourth quarter valued at $163,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of DHT in the fourth quarter valued at $345,000. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Price Performance

Shares of NYSE DHT traded down $0.16 during mid-day trading on Thursday, hitting $12.80. 562,737 shares of the stock were exchanged, compared to its average volume of 1,775,050. The company has a market cap of $2.05 billion, a P/E ratio of 10.84 and a beta of 0.03. The stock's fifty day simple moving average is $11.52 and its two-hundred day simple moving average is $11.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $13.06.

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 for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $92.80 million during the quarter, compared to analyst estimates of $95.41 million. DHT had a net margin of 36.58% and a return on equity of 16.36%. DHT's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. As a group, analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.96 dividend on an annualized basis and a yield of 7.5%. 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 subject of a number of research analyst reports. Zacks Research upgraded DHT to a "hold" rating in a report on Monday, August 11th. Jefferies Financial Group restated a "buy" rating and issued a $15.00 target price on shares of DHT in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, DHT currently 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.