Shell Asset Management Co. Raises Stock Position in DHT Holdings, Inc. $DHT

Key Points

• Shell Asset Management Co. increased its stake in DHT Holdings, Inc. by 33.3% during the 2nd quarter, owning approximately 608,258 shares worth $6.58 million after purchasing an additional 151,846 shares.
• DHT recently raised its quarterly dividend from $0.17 to $0.24 per share, representing an annualized yield of 8.3%, with a payout ratio of 81.36%.
• The company reported $0.24 EPS for the last quarter, beating analysts' expectations, although revenue was down 10.5% year-over-year.

Shell Asset Management Co. raised its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 33.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 608,258 shares of the shipping company's stock after buying an additional 151,846 shares during the period. Shell Asset Management Co. owned approximately 0.38% of DHT worth $6,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of DHT in the 1st quarter valued at approximately $112,000. GAMMA Investing LLC increased 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 valued at $263,000 after purchasing an additional 23,778 shares during the period. Inspire Investing LLC purchased a new stake in DHT during the 1st quarter valued at approximately $729,000. Cerity Partners LLC purchased a new stake in shares of DHT during the first quarter worth approximately $465,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of DHT by 19.3% in the first quarter. Raymond James Financial Inc. now owns 532,609 shares of the shipping company's stock valued at $5,592,000 after acquiring an additional 86,115 shares in the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DHT. Zacks Research raised DHT to a "hold" rating in a report on Monday, August 11th. Weiss Ratings reissued a "buy (b)" rating on shares of DHT in a report on Saturday, September 27th. Finally, Jefferies Financial Group restated a "buy" rating and set a $15.00 target price on shares of DHT in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Trading Down 2.0%

Shares of DHT opened at $11.61 on Tuesday. The stock has a market cap of $1.86 billion, a PE ratio of 9.84 and a beta of 0.01. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $13.06. The stock's 50-day moving average is $11.83 and its two-hundred day moving average is $11.28. 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 (NYSE:DHT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The company had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business's quarterly revenue was down 10.5% on a year-over-year basis. Equities analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders 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 dividend on an annualized basis and a yield of 8.3%. DHT's 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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