Nuveen LLC Acquires Shares of 348,572 DHT Holdings, Inc. $DHT

Key Points

• Nuveen LLC has acquired a new stake in DHT Holdings, Inc., purchasing 348,572 shares valued at approximately $3.66 million, representing a 0.22% ownership in the company.
• DHT recently declared a $0.24 quarterly dividend, which is an increase from its previous dividend of $0.17, resulting in an annualized yield of 8.3%.
• The company's stock has a current consensus rating of "Moderate Buy" with an average price target of $12.94, amidst recent earnings showing a 10.5% decline in revenue compared to the previous year.

Nuveen LLC acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 348,572 shares of the shipping company's stock, valued at approximately $3,660,000. Nuveen LLC owned approximately 0.22% of DHT at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of 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 acquiring an additional 1,265 shares during the last quarter. CWM LLC boosted its position in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company's stock valued at $32,000 after acquiring an additional 2,116 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of DHT during the 4th quarter valued at about $37,000. Finally, Harbour Investments Inc. lifted its holdings in shares of DHT by 26.7% in the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company's stock worth $70,000 after acquiring an additional 1,400 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DHT. Zacks Research upgraded DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 price objective on shares of DHT in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.94.

DHT Stock Down 0.0%

DHT traded down $0.01 during trading hours on Friday, hitting $11.73. 813,726 shares of the company's stock were exchanged, compared to its average volume of 1,328,290. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32. The firm has a 50 day moving average of $11.20 and a 200 day moving average of $10.99. The firm has a market cap of $1.88 billion, a P/E ratio of 9.94 and a beta of 0.02. 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 announced its earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The firm had revenue of $92.80 million for the quarter, compared to the consensus estimate of $95.41 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.24 per share. 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 8.2%. The ex-dividend date of this dividend was Monday, August 18th. DHT's dividend payout ratio is presently 81.36%.

About DHT

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.