Dividend Assets Capital LLC Increases Position in DHT Holdings, Inc. (NYSE:DHT)

Dividend Assets Capital LLC grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 12.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 68,964 shares of the shipping company’s stock after purchasing 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 SEC filing.

A number of other hedge funds have also recently made changes to their positions in DHT. Spire Wealth Management purchased a new position in DHT during the fourth quarter valued at $36,000. Sunbelt Securities Inc. bought a new position in shares of DHT during the third quarter valued at $50,000. Nisa Investment Advisors LLC raised its position in shares of DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after purchasing an additional 2,361 shares during the last quarter. Soros Fund Management LLC bought a new position in DHT in the 3rd quarter worth about $114,000. Finally, Ieq Capital LLC purchased a new stake in DHT during the 4th quarter valued at about $116,000. 58.53% of the stock is 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. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The stock has a market capitalization of $1.75 billion, a P/E ratio of 9.67 and a beta of -0.39. The firm’s 50 day moving average is $10.45 and its 200 day moving average is $10.58.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is presently 60.71%.

Analyst Ratings Changes

DHT has been the subject of several recent analyst reports. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group upped their price objective on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.68.

DHT Profile

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.