Pekin Hardy Strauss Inc. acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 67,000 shares of the shipping company's stock, valued at approximately $657,000.
A number of other hedge funds have also added to or reduced their stakes in DHT. CWM LLC increased its position in DHT by 3,696.2% during the 3rd quarter. CWM LLC now owns 6,985 shares of the shipping company's stock valued at $72,000 after purchasing an additional 6,801 shares during the period. SG Americas Securities LLC purchased a new stake in shares of DHT in the 3rd quarter worth about $165,000. Allspring Global Investments Holdings LLC grew its position in shares of DHT by 45.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company's stock worth $95,000 after buying an additional 2,882 shares during the period. Nisa Investment Advisors LLC grew its position in shares of DHT by 34,636.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 38,210 shares of the shipping company's stock worth $394,000 after buying an additional 38,100 shares during the period. Finally, Olympiad Research LP grew its position in shares of DHT by 36.3% in the 3rd quarter. Olympiad Research LP now owns 38,628 shares of the shipping company's stock worth $398,000 after buying an additional 10,285 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.
DHT Stock Down 0.3 %
DHT stock traded down $0.04 during mid-day trading on Wednesday, reaching $11.39. The stock had a trading volume of 1,303,608 shares, compared to its average volume of 1,788,517. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 11.50 and a beta of -0.33. The company has a 50-day moving average price of $11.24 and a two-hundred day moving average price of $10.80. DHT Holdings, Inc. has a one year low of $7.30 and a one year 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.
DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $94.50 million for the quarter, compared to analysts' expectations of $95.78 million. DHT had a net margin of 28.78% and a return on equity of 15.52%. DHT's revenue was down 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. On average, analysts expect that DHT Holdings, Inc. will post 1.53 EPS for the current fiscal year.
DHT Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.88 annualized dividend and a yield of 7.73%. This is a boost from DHT's previous quarterly dividend of $0.19. DHT's dividend payout ratio is currently 88.89%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on DHT. Truist Financial upped their target price on shares of DHT from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. TheStreet raised shares of DHT from a "c+" rating to a "b-" rating in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded shares of DHT from a "hold" rating to a "buy" rating and upped their price target for the stock 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, DHT has an average rating of "Moderate Buy" and a consensus price target of $14.00.
Check Out Our Latest Stock Analysis on DHT
DHT Company Profile
(
Free Report)
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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