Raymond James Financial Inc. Raises 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. increased its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 532,609 shares of the shipping company's stock after acquiring an additional 86,115 shares during the period. Raymond James Financial Inc. owned approximately 0.33% of DHT worth $5,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DHT. GAMMA Investing LLC increased its holdings 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 worth $25,000 after purchasing an additional 1,073 shares during the period. Tower Research Capital LLC TRC grew 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 worth $26,000 after buying an additional 1,265 shares in the last quarter. CWM LLC grew its position in DHT by 223.4% during the first quarter. CWM LLC now owns 3,063 shares of the shipping company's stock worth $32,000 after buying an additional 2,116 shares in the last quarter. Harbour Investments Inc. increased its stake in 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. Finally, Xponance Inc. purchased a new stake in shares of DHT in the 1st quarter valued at about $106,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHT has been the subject of several recent analyst reports. Zacks Research raised DHT to a "hold" rating in a report on Monday, August 11th. Jefferies Financial Group reiterated a "buy" rating and set 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 assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, DHT has an average rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Price Performance

Shares of DHT stock opened at $12.05 on Thursday. 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 Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.32. The company has a fifty day moving average of $11.23 and a 200-day moving average of $11.01. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.21 and a beta of 0.03.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly 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 business had revenue of $92.80 million during the quarter, compared to the consensus estimate of $95.41 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The business also recently declared 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 represents a $0.96 annualized dividend and a yield of 8.0%. The ex-dividend date was Monday, August 18th. This is a positive change from DHT's previous quarterly dividend of $0.17. DHT's dividend payout ratio 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.

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