International Assets Investment Management LLC Grows Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

International Assets Investment Management LLC raised its stake in DHT Holdings, Inc. (NYSE:DHT) by 1,144.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 678,808 shares of the shipping company’s stock after buying an additional 624,266 shares during the period. International Assets Investment Management LLC’s holdings in DHT were worth $7,487,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Raymond James & Associates purchased a new stake in DHT in the 3rd quarter valued at about $5,004,000. Blue Trust Inc. lifted its position in shares of DHT by 87.6% in the 3rd quarter. Blue Trust Inc. now owns 14,871 shares of the shipping company’s stock worth $172,000 after purchasing an additional 6,943 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in shares of DHT by 7.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 75,729 shares of the shipping company’s stock worth $835,000 after purchasing an additional 5,421 shares during the period. Point72 DIFC Ltd lifted its position in shares of DHT by 66.4% in the 2nd quarter. Point72 DIFC Ltd now owns 11,237 shares of the shipping company’s stock worth $130,000 after purchasing an additional 4,485 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in shares of DHT in the 2nd quarter worth approximately $155,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Trading Up 0.3 %

Shares of DHT stock opened at $10.32 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36. DHT Holdings, Inc. has a 12-month low of $9.28 and a 12-month high of $12.80. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 10.64 and a beta of -0.36. The firm’s 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $11.35.

DHT (NYSE:DHT) last issued its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The company had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. During the same quarter in the previous year, the company posted $0.35 EPS. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts predict that DHT Holdings, Inc. will post 1.14 EPS for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 10.47%. DHT’s payout ratio is 111.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DHT shares. Stifel Nicolaus lowered their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. BTIG Research began coverage on shares of DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target for the company. StockNews.com lowered shares of DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.50.

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.