Raymond James Financial Inc. Has $5.59 Million Stock Position in DHT Holdings, Inc. $DHT

Key Points

• Raymond James Financial Inc. increased its stake in DHT Holdings, Inc. by 19.3%, owning approximately 532,609 shares valued at $5.59 million as of the latest filing.
• DHT declared a quarterly dividend of $0.24 per share, reflecting an annual yield of 8.0%, up from the previous $0.17 dividend.
• Wall Street analysts have an average rating of "Moderate Buy" on DHT, with a consensus target price of $12.94.

Raymond James Financial Inc. raised its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 19.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 532,609 shares of the shipping company's stock after buying an additional 86,115 shares during the quarter. Raymond James Financial Inc. owned approximately 0.33% of DHT worth $5,592,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DHT. Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 1,265 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 purchasing an additional 8,310 shares in the last quarter. Northern Trust Corp raised its stake in shares of DHT by 1.7% during the fourth quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock valued at $14,107,000 after purchasing an additional 24,710 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of DHT by 33.2% during the fourth quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock valued at $4,078,000 after purchasing an additional 109,376 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of DHT by 10.3% during the fourth quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company's stock valued at $2,289,000 after purchasing an additional 22,949 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DHT shares. Zacks Research upgraded shares of DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group restated a "buy" rating and set a $15.00 price objective on shares of DHT in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Price Performance

NYSE:DHT traded down $0.31 during mid-day trading on Tuesday, reaching $12.33. 441,209 shares of the stock were exchanged, compared to its average volume of 1,738,586. The business has a fifty day moving average price of $11.32 and a 200 day moving average price of $11.04. The firm has a market capitalization of $1.98 billion, a PE ratio of 10.42 and a beta of 0.03. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.93. 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 released its earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping 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 return on equity of 16.36% and a net margin of 36.58%.DHT's 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. Research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were issued a $0.24 dividend. The ex-dividend date was Monday, August 18th. This is a positive change from DHT's previous quarterly dividend of $0.17. This represents a $0.96 annualized dividend and a dividend yield of 7.8%. DHT's dividend payout ratio is 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.