Universal Beteiligungs und Servicegesellschaft mbH Invests $239,000 in DHT Holdings, Inc. $DHT

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,107 shares of the shipping company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DHT. Roble Belko & Company Inc acquired a new stake in DHT during the 2nd quarter worth about $30,000. CWM LLC lifted its stake in shares of DHT by 223.4% in the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 2,116 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of DHT by 190.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 1,982 shares in the last quarter. Farther Finance Advisors LLC grew its stake in DHT by 344.1% during the second 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 during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in DHT by 260.0% during 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. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DHT shares. Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Jefferies Financial Group restated a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Zacks Research upgraded shares of DHT to a “hold” rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.18.

DHT Stock Up 0.5%

DHT stock opened at $13.09 on Friday. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $13.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The firm’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $11.90. The stock has a market cap of $2.10 billion, a PE ratio of 10.56 and a beta of -0.01.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. DHT had a net margin of 41.17% and a return on equity of 17.18%. The firm had revenue of $107.35 million during the quarter, compared to analyst estimates of $78.83 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Wednesday, November 12th. DHT’s payout ratio is presently 58.06%.

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.