48,698 Shares in DHT Holdings, Inc. $DHT Purchased by Interval Partners LP

Key Points

• Interval Partners LP has acquired a new stake in DHT Holdings, Inc. worth approximately $511,000, purchasing 48,698 shares in the first quarter.
• DHT recently increased its quarterly dividend to $0.24, up from $0.17, resulting in an annualized dividend yield of 7.7%.
• Analysts have raised price targets for DHT, with Jefferies Financial Group setting a target price of $15.00 and a consensus rating of "Moderate Buy."

Interval Partners LP purchased a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 48,698 shares of the shipping company's stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DHT. GAMMA Investing LLC increased its holdings in shares of DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after purchasing an additional 1,265 shares during the period. CWM LLC boosted its holdings in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company's stock valued at $32,000 after purchasing an additional 2,116 shares during the period. Harbour Investments Inc. boosted its holdings in DHT by 26.7% in the first quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company's stock valued at $70,000 after purchasing an additional 1,400 shares during the period. Finally, Xponance Inc. purchased a new position in DHT in the first quarter valued at $106,000. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Price Performance

Shares of NYSE:DHT traded up $0.05 during trading on Thursday, hitting $12.13. 605,560 shares of the stock were exchanged, compared to its average volume of 1,758,599. The company has a fifty day moving average price of $11.37 and a two-hundred day moving average price of $11.05. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.95 billion, a PE ratio of 10.28 and a beta of 0.03. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.93.

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 the consensus estimate of $0.23 by $0.01. The company had revenue of $92.80 million during the quarter, compared to the consensus estimate of $95.41 million. DHT had a return on equity of 16.36% and a net margin of 36.58%.DHT's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. On average, analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Monday, August 18th. This is an increase from DHT's previous quarterly dividend of $0.17. DHT's dividend payout ratio is currently 81.36%.

Analyst Ratings Changes

DHT has been the subject of a number of recent research reports. Zacks Research upgraded DHT to a "hold" rating in a report on Monday, August 11th. Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 target price on shares of DHT in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.94.

About DHT

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.