Empowered Funds LLC raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT – Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 773,163 shares of the shipping company’s stock after acquiring an additional 43,514 shares during the period. Empowered Funds LLC owned approximately 0.48% of DHT worth $14,126,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,596 shares during the period. Caitong International Asset Management Co. Ltd raised its position in DHT by 568.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 3,022 shares during the period. Sound Income Strategies LLC purchased a new stake in DHT in the fourth quarter valued at approximately $58,000. Leonteq Securities AG acquired a new position in DHT during the fourth quarter worth $59,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of DHT during the third quarter worth $60,000. 58.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on DHT shares. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a report on Wednesday, April 22nd. Weiss Ratings downgraded DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, BTIG Research boosted their price target on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and an average target price of $19.33.
DHT Stock Performance
Shares of DHT stock opened at $18.54 on Thursday. The firm has a 50 day moving average of $17.60 and a two-hundred day moving average of $17.16. The stock has a market capitalization of $2.98 billion, a PE ratio of 9.00 and a beta of -0.11. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. DHT Holdings, Inc. has a 52 week low of $10.69 and a 52 week high of $20.55.
DHT (NYSE:DHT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The company’s revenue for the quarter was up 134.9% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share.
DHT Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 13.8%. The ex-dividend date was Thursday, May 21st. This is a boost from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is 124.27%.
DHT Profile
DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.
Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.
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