Larson Financial Group LLC Purchases 80,221 Shares of DHT Holdings, Inc. (NYSE:DHT)

Larson Financial Group LLC raised its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 6,741.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,411 shares of the shipping company's stock after buying an additional 80,221 shares during the period. Larson Financial Group LLC owned about 0.05% of DHT worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after acquiring an additional 1,073 shares during the period. Tower Research Capital LLC TRC raised its position 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 valued at $26,000 after purchasing an additional 1,265 shares in the last quarter. CWM LLC boosted its stake in shares of DHT by 223.4% in the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company's stock valued at $32,000 after buying an additional 2,116 shares during the period. Banque Transatlantique SA acquired a new position in shares of DHT during the fourth quarter worth about $37,000. Finally, Sterling Capital Management LLC increased its stake in shares of DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after buying an additional 3,856 shares during the period. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Trading Down 1.3%

Shares of DHT stock traded down $0.14 during mid-day trading on Friday, hitting $10.86. 1,097,173 shares of the company's stock were exchanged, compared to its average volume of 1,839,362. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 9.87 and a beta of 0.05. The stock has a 50-day simple moving average of $11.40 and a two-hundred day simple moving average of $10.91. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.32. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 0.27.

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

DHT Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore ISI decreased their target price on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 target price on shares of DHT in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average 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.