Significant Wealth Partners LLC Takes $4.64 Million Position in DHT Holdings, Inc. (NYSE:DHT)

Significant Wealth Partners LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 473,036 shares of the shipping company's stock, valued at approximately $4,640,000. DHT accounts for approximately 3.4% of Significant Wealth Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Significant Wealth Partners LLC owned 0.29% of DHT as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of DHT during the 3rd quarter valued at about $1,071,000. FMR LLC grew its stake in shares of DHT by 42.5% during the 3rd quarter. FMR LLC now owns 16,122,321 shares of the shipping company's stock valued at $166,060,000 after purchasing an additional 4,808,258 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of DHT by 4,118.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 2,670,200 shares of the shipping company's stock valued at $27,503,000 after purchasing an additional 2,606,900 shares during the period. International Assets Investment Management LLC grew its stake in shares of DHT by 880.9% during the 4th quarter. International Assets Investment Management LLC now owns 457,452 shares of the shipping company's stock valued at $46,631,000 after purchasing an additional 410,816 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of DHT by 86.3% during the 4th quarter. DAVENPORT & Co LLC now owns 191,278 shares of the shipping company's stock valued at $1,876,000 after purchasing an additional 88,596 shares during the period. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

Shares of NYSE:DHT traded down $0.06 during mid-day trading on Monday, reaching $11.20. 999,026 shares of the company traded hands, compared to its average volume of 1,842,169. DHT Holdings, Inc. has a 52 week low of $7.30 and a 52 week high of $11.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94. The firm has a market cap of $1.81 billion, a PE ratio of 11.31 and a beta of -0.33. The company's 50 day moving average price is $11.23 and its 200-day moving average price is $10.75.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The shipping company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. DHT had a return on equity of 15.52% and a net margin of 28.78%. The business had revenue of $94.50 million during the quarter, compared to the consensus estimate of $95.78 million. During the same period in the prior year, the company posted $0.38 EPS. The firm's revenue for the quarter was down 19.0% compared to the same quarter last year. On average, equities analysts expect that DHT Holdings, Inc. will post 1.56 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 7.86%. This is an increase from DHT's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 20th. DHT's dividend payout ratio is presently 88.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on DHT from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 16th. TheStreet upgraded DHT from a "c+" rating to a "b-" rating in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded DHT from a "hold" rating to a "buy" rating and boosted their price objective for the company from $11.00 to $14.00 in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

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.