Harbour Capital Advisors LLC Has $658,000 Stock Holdings in DHT Holdings, Inc. $DHT

Harbour Capital Advisors LLC trimmed its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 2.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 60,047 shares of the shipping company’s stock after selling 1,390 shares during the period. Harbour Capital Advisors LLC’s holdings in DHT were worth $658,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 1,073 shares during the period. CWM LLC boosted its holdings in DHT by 223.4% during the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 2,116 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of DHT by 26.7% in the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock valued at $70,000 after purchasing an additional 1,400 shares during the period. Xponance Inc. acquired a new position in shares of DHT in the 1st quarter worth approximately $106,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of DHT during the 1st quarter worth approximately $112,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of analyst reports. Zacks Research upgraded DHT to a “hold” rating in a research report on Monday, August 11th. Jefferies Financial Group restated a “buy” rating and issued a $15.00 target price on shares of DHT in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.94.

DHT Price Performance

Shares of DHT stock opened at $12.49 on Friday. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $13.06. The stock has a market capitalization of $2.01 billion, a PE ratio of 10.58 and a beta of 0.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The stock’s fifty day moving average is $11.58 and its 200-day moving average is $11.16.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $92.80 million for the quarter, compared to the consensus estimate of $95.41 million. DHT had a net margin of 36.58% and a return on equity of 16.36%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a $0.24 dividend. 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 annualized dividend and a yield of 7.7%. DHT’s dividend payout ratio is presently 81.36%.

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.