Pekin Hardy Strauss Inc. Has $513,000 Stake in DHT Holdings, Inc. $DHT

Pekin Hardy Strauss Inc. lessened its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,500 shares of the shipping company’s stock after selling 6,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in DHT were worth $513,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DHT. GAMMA Investing LLC raised its position in shares of 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 buying an additional 1,073 shares in the last quarter. Roble Belko & Company Inc bought a new stake in shares of DHT during the 2nd quarter valued at $30,000. CWM LLC lifted its position in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 2,116 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of DHT by 344.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock worth $34,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of DHT by 260.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company’s stock worth $63,000 after purchasing an additional 4,176 shares during the period. 58.53% of the stock is owned by institutional investors.

DHT Trading Up 0.9%

NYSE DHT opened at $13.35 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 10.77 and a beta of -0.01. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $13.47. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $12.31 and its 200 day moving average is $11.63.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. DHT had a return on equity of 17.18% and a net margin of 41.17%.The business had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $78.83 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, sell-side analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, November 12th. DHT’s dividend payout ratio (DPR) is 58.06%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of DHT to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and issued a $16.00 target price on shares of DHT in a research report on Thursday, October 30th. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 price target on shares of DHT in a research report on Thursday, October 30th. Finally, Evercore ISI lifted their price objective on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.18.

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.