MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 91,594 Shares of DHT Holdings, Inc. $DHT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DHT Holdings by 9.3%, acquiring an additional 91,594 shares to bring its total to 1,078,387 shares, valued at approximately $11.3 million.
• DHT Holdings recently increased its quarterly dividend to $0.24 per share from $0.17, representing a dividend yield of 7.9% and an annualized payout of $0.96.
• DHT Holdings' latest earnings report revealed an EPS of $0.24, slightly exceeding expectations, although its revenue declined by 10.5% from the previous year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,078,387 shares of the shipping company's stock after purchasing an additional 91,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.67% of DHT worth $11,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHT. American Century Companies Inc. grew its stake in shares of DHT by 8.7% in the first quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company's stock worth $46,280,000 after acquiring an additional 354,074 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of DHT in the first quarter worth $19,950,000. Northern Trust Corp grew its stake in shares of DHT by 1.7% in the fourth quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after acquiring an additional 24,710 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of DHT by 29.6% in the first quarter. Bridgeway Capital Management LLC now owns 1,133,972 shares of the shipping company's stock worth $11,907,000 after acquiring an additional 259,276 shares during the last quarter. Finally, Corigliano Investment Advisers LLC acquired a new stake in shares of DHT in the first quarter worth $5,788,000. Institutional investors and hedge funds own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

DHT has been the topic of several research analyst reports. Jefferies Financial Group restated a "buy" rating and issued a $15.00 price objective on shares of DHT in a research note on Thursday, August 7th. Zacks Research raised DHT to a "hold" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.94.

DHT Stock Performance

DHT stock traded up $0.43 during midday trading on Monday, hitting $12.77. The stock had a trading volume of 780,098 shares, compared to its average volume of 1,760,804. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 10.83 and a beta of 0.03. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $13.04. The stock has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $11.09. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $92.80 million during the quarter, compared to analysts' expectations of $95.41 million. DHT had a return on equity of 16.36% and a net margin of 36.58%.DHT's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. As a group, equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The business also recently disclosed 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 is a boost from DHT's previous quarterly dividend of $0.17. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.5%. DHT's dividend payout ratio (DPR) is 81.36%.

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.