Lazard Asset Management LLC decreased its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 94.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,443 shares of the shipping company's stock after selling 419,885 shares during the quarter. Lazard Asset Management LLC's holdings in DHT were worth $428,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company's stock worth $36,000 after purchasing an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of DHT by 568.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company's stock valued at $43,000 after buying an additional 3,022 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of DHT in the 4th quarter valued at $58,000. PNC Financial Services Group Inc. increased its position in shares of DHT by 32.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company's stock valued at $89,000 after buying an additional 1,175 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in DHT during the 4th quarter worth $59,000. Institutional investors and hedge funds own 58.53% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DHT. Weiss Ratings lowered DHT from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, July 23rd. BTIG Research increased their price target on DHT from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, April 22nd. Evercore cut DHT from an "outperform" rating to an "in-line" rating and set a $19.00 price objective on the stock. in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded DHT from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.33.
Check Out Our Latest Report on DHT
DHT Trading Up 2.1%
DHT stock opened at $18.74 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.62 and a current ratio of 3.64. The company's 50-day simple moving average is $17.79 and its 200 day simple moving average is $17.37. DHT Holdings, Inc. has a 52 week low of $10.69 and a 52 week high of $20.55. The company has a market capitalization of $3.02 billion, a PE ratio of 6.37 and a beta of -0.11.
DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The business had revenue of $254.96 million during the quarter, compared to analysts' expectations of $247.17 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business's revenue was up 174.8% on a year-over-year basis.
DHT Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.88 annualized dividend and a yield of 26.0%. This is a boost from DHT's previous quarterly dividend of $0.64. DHT's payout ratio is presently 87.07%.
DHT Company Profile
(
Free Report)
DHT Holdings, Inc NYSE: DHT is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company's core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.
Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.
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