111 Capital Acquires New Position in DHT Holdings, Inc. $DHT

111 Capital acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the second quarter, HoldingsChannel reports. The institutional investor acquired 16,449 shares of the shipping company’s stock, valued at approximately $178,000.

Other hedge funds also recently made changes to their positions in the company. Sullivan Wood Capital Management LLC purchased a new position in DHT in the 2nd quarter worth approximately $298,000. Farther Finance Advisors LLC lifted its holdings in DHT by 344.1% in 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. Wealth Enhancement Advisory Services LLC lifted its holdings in DHT by 18.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,624 shares of the shipping company’s stock worth $139,000 after purchasing an additional 1,935 shares in the last quarter. Longboard Asset Management LP purchased a new position in DHT in the 2nd quarter worth approximately $186,000. Finally, Baron Wealth Management LLC purchased a new position in DHT in the 2nd quarter worth approximately $118,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Down 1.3%

Shares of DHT opened at $11.47 on Wednesday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 9.72 and a beta of 0.01. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $13.06. The business’s 50 day simple moving average is $11.83 and its 200-day simple moving average is $11.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96.

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

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a $0.24 dividend. The ex-dividend date was Monday, August 18th. This is a positive change from DHT’s previous quarterly dividend of $0.17. This represents a $0.96 dividend on an annualized basis and a yield of 8.4%. DHT’s payout ratio is 81.36%.

Analyst Ratings Changes

A number of research analysts recently commented on DHT shares. Jefferies Financial Group reissued a “buy” rating and issued a $15.00 price target on shares of DHT in a report on Thursday, August 7th. Zacks Research raised DHT to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $12.94.

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.