Perbak Capital Partners LLP Acquires New Position in DHT Holdings, Inc. $DHT

Key Points

• Perbak Capital Partners LLP has invested approximately $354,000 by acquiring 33,756 shares of DHT Holdings, Inc., indicating growing institutional interest in the shipping company.
• DHT announced a quarterly dividend of $0.24 per share, marking an increase from the previous dividend of $0.17 and reflecting a dividend yield of 8.2%.
• Analysts maintain a moderate buy consensus rating on DHT stock, with an average price target of $12.94, suggesting potential upside in share value.

Perbak Capital Partners LLP purchased a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 33,756 shares of the shipping company's stock, valued at approximately $354,000.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of DHT by 33.2% in the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock valued at $4,078,000 after acquiring an additional 109,376 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in DHT in the first quarter worth about $112,000. GAMMA Investing LLC lifted its stake in DHT by 1,805.5% in the first quarter. GAMMA Investing LLC now owns 25,095 shares of the shipping company's stock worth $263,000 after purchasing an additional 23,778 shares during the last quarter. Cerity Partners LLC bought a new stake in DHT in the first quarter worth about $465,000. Finally, Millennium Management LLC lifted its stake in DHT by 129.6% in the fourth quarter. Millennium Management LLC now owns 69,507 shares of the shipping company's stock worth $646,000 after purchasing an additional 39,231 shares during the last quarter. Institutional investors own 58.53% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research raised shares of DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price objective on shares of DHT in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Stock Up 1.4%

NYSE DHT traded up $0.17 on Friday, hitting $12.44. The stock had a trading volume of 2,363,382 shares, compared to its average volume of 1,256,772. The business's fifty day moving average price is $11.28 and its 200 day moving average price is $11.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.53. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 10.54 and a beta of 0.03.

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

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors 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 yield of 7.7%. The ex-dividend date was Monday, August 18th. DHT's 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.