Raiffeisen Bank International AG purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,750 shares of the shipping company's stock, valued at approximately $925,000. Raiffeisen Bank International AG owned about 0.06% of DHT as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of DHT. DME Capital Management LP raised its position in shares of DHT by 20.8% during the 4th quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock worth $48,735,000 after purchasing an additional 902,704 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in DHT in the 4th quarter valued at about $8,126,000. Victory Capital Management Inc. raised its holdings in DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after acquiring an additional 469,528 shares during the last quarter. American Century Companies Inc. raised its holdings in DHT by 13.1% in the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after acquiring an additional 468,281 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in DHT in the 4th quarter valued at about $4,148,000. Institutional investors and hedge funds own 58.53% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on DHT. Evercore ISI cut their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and set a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.94.
View Our Latest Research Report on DHT
DHT Trading Down 1.0%
DHT stock traded down $0.12 during midday trading on Tuesday, hitting $11.71. 1,025,428 shares of the company's stock were exchanged, compared to its average volume of 1,857,971. The business has a 50-day simple moving average of $10.61 and a two-hundred day simple moving average of $10.41. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.88 billion, a PE ratio of 10.46 and a beta of -0.06. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.79.
DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million during the quarter, compared to analysts' expectations of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The firm's quarterly revenue was down 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, sell-side analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.
DHT Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 5.1%. DHT's dividend payout ratio (DPR) is 54.55%.
DHT Company Profile
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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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