MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 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. boosted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,078,387 shares of the shipping company's stock after buying an additional 91,594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.67% of DHT worth $11,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DHT. Tower Research Capital LLC TRC raised its position in DHT by 84.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after buying an additional 1,265 shares during the period. Price T Rowe Associates Inc. MD raised its position in DHT by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,446 shares of the shipping company's stock valued at $488,000 after buying an additional 8,310 shares during the period. Northern Trust Corp increased its position in DHT by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after purchasing an additional 24,710 shares during the last quarter. Ameriprise Financial Inc. increased its position in DHT by 33.2% in the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock worth $4,078,000 after purchasing an additional 109,376 shares during the last quarter. Finally, Bank of America Corp DE increased its position in DHT by 10.3% in the 4th quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company's stock worth $2,289,000 after purchasing an additional 22,949 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on DHT shares. Zacks Research raised DHT to a "hold" rating in a research report on Monday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 target price on shares of DHT in a research report on Thursday, August 7th. One equities research 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. According to MarketBeat, DHT currently has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Stock Down 0.1%

Shares of DHT traded down $0.01 during trading hours on Friday, hitting $12.34. 2,145,042 shares of the company were exchanged, compared to its average volume of 1,652,986. The company has a market cap of $1.98 billion, a PE ratio of 10.46 and a beta of 0.03. The firm's 50 day moving average is $11.41 and its 200-day moving average is $11.08. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping 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%.The firm's revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. On average, equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were paid a dividend of $0.24 per share. This is a boost from DHT's previous quarterly dividend of $0.17. The ex-dividend date was Monday, August 18th. This represents a $0.96 annualized dividend and a dividend yield of 7.8%. DHT's dividend payout ratio is currently 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.