19,502 Shares in DHT Holdings, Inc. (NYSE:DHT) Purchased by Inceptionr LLC

Inceptionr LLC acquired a new position in DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,502 shares of the shipping company’s stock, valued at approximately $181,000.

Several other large investors also recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. increased its holdings in DHT by 1.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock worth $761,000 after acquiring an additional 1,000 shares during the last quarter. Stifel Financial Corp increased its holdings in DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after acquiring an additional 1,514 shares during the last quarter. Spire Wealth Management bought a new position in DHT in the 4th quarter worth about $36,000. Franklin Resources Inc. boosted its stake in DHT by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock worth $588,000 after purchasing an additional 4,000 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in DHT by 41.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company’s stock worth $136,000 after purchasing an additional 4,290 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

DHT has been the subject of several analyst reports. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group raised their target price 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.68.

DHT Stock Performance

Shares of DHT opened at $10.27 on Tuesday. The company has a market cap of $1.66 billion, a PE ratio of 9.17 and a beta of -0.38. 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 50-day moving average price of $10.72 and a 200-day moving average price of $10.54. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, equities analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.62%. DHT’s dividend payout ratio (DPR) is presently 60.71%.

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.