Dividend Assets Capital LLC Raises Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Dividend Assets Capital LLC grew its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 12.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 68,964 shares of the shipping company’s stock after buying an additional 7,699 shares during the period. Dividend Assets Capital LLC’s holdings in DHT were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Spire Wealth Management bought a new stake in DHT during the 4th quarter worth approximately $36,000. Sunbelt Securities Inc. purchased a new stake in shares of DHT in the third quarter worth $50,000. Nisa Investment Advisors LLC raised its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the period. Soros Fund Management LLC purchased a new position in shares of DHT during the 3rd quarter valued at $114,000. Finally, Ieq Capital LLC bought a new position in DHT in the 4th quarter worth $116,000. 58.53% of the stock is currently owned by institutional investors.

DHT Trading Down 1.1 %

Shares of DHT stock opened at $10.84 on Friday. 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 $1.75 billion, a price-to-earnings ratio of 9.67 and a beta of -0.39. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The stock’s 50-day moving average price is $10.45 and its 200-day moving average price is $10.58.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) 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%. Equities research analysts predict 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 Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.28%. DHT’s dividend payout ratio (DPR) is currently 60.71%.

Wall Street Analyst Weigh In

A number of research firms have commented on DHT. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a report on Thursday, December 12th. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group upped their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.68.

About DHT

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.