Raymond James Financial Inc. Takes Position in DHT Holdings, Inc. (NYSE:DHT)

Raymond James Financial Inc. bought a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 446,494 shares of the shipping company's stock, valued at approximately $4,148,000. Raymond James Financial Inc. owned about 0.28% of DHT at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DHT. Victory Capital Management Inc. grew 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 buying an additional 469,528 shares during the period. American Century Companies Inc. boosted its position in shares of DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock worth $37,658,000 after acquiring an additional 468,281 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in DHT by 78.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock valued at $6,906,000 after purchasing an additional 327,442 shares during the period. Empowered Funds LLC acquired a new position in DHT during the fourth quarter worth approximately $2,835,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in DHT during the fourth quarter worth approximately $1,387,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Up 0.7 %

Shares of NYSE:DHT traded up $0.08 during midday trading on Friday, hitting $10.79. 164,810 shares of the company's stock traded hands, compared to its average volume of 1,875,132. The firm's fifty day moving average price is $10.40 and its two-hundred day moving average price is $10.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a market cap of $1.74 billion, a PE ratio of 9.63 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. On average, equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.31%. DHT's dividend payout ratio is currently 60.71%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DHT shares. Jefferies Financial Group boosted their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Evercore ISI lowered their price target on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.74.

DHT Company 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.