Kingsview Wealth Management LLC Has $207,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

Kingsview Wealth Management LLC decreased its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 62.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,685 shares of the shipping company's stock after selling 33,320 shares during the quarter. Kingsview Wealth Management LLC's holdings in DHT were worth $207,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Hohimer Wealth Management LLC raised its position in shares of DHT by 5.7% during the 1st quarter. Hohimer Wealth Management LLC now owns 17,951 shares of the shipping company's stock worth $188,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC grew its holdings in DHT by 81.5% in the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after buying an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 worth $26,000 after buying an additional 1,265 shares in the last quarter. Vident Advisory LLC grew its holdings in DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company's stock worth $495,000 after buying an additional 1,665 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in DHT by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock worth $498,000 after buying an additional 1,740 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Stock Down 1.4%

DHT stock traded down $0.16 during mid-day trading on Friday, hitting $10.96. 1,113,139 shares of the company's stock were exchanged, compared to its average volume of 1,216,829. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.76 billion, a P/E ratio of 9.97 and a beta of 0.05. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.32. The stock has a 50 day moving average of $11.35 and a two-hundred day moving average of $10.95.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. DHT had a return on equity of 17.08% and a net margin of 32.87%. The firm's revenue was down 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. As a group, analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 22nd were given a $0.15 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, May 21st. DHT's dividend payout ratio is currently 54.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DHT. Evercore ISI cut their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group reiterated a "buy" rating and set a $15.00 price objective on shares of DHT in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.