453,693 Shares in DHT Holdings, Inc. (NYSE:DHT) Bought by Raymond James & Associates

Raymond James & Associates bought a new stake in DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 453,693 shares of the shipping company’s stock, valued at approximately $5,004,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC grew its stake in shares of DHT by 43.8% in the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock valued at $39,184,000 after buying an additional 1,032,832 shares in the last quarter. American Century Companies Inc. raised its stake in DHT by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after acquiring an additional 873,356 shares in the last quarter. LSV Asset Management boosted its position in DHT by 28.8% during the 2nd quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company’s stock worth $17,755,000 after acquiring an additional 343,100 shares during the period. M&G Plc acquired a new position in DHT during the 1st quarter worth $16,417,000. Finally, Vanguard Group Inc. boosted its position in DHT by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock worth $11,478,000 after acquiring an additional 132,039 shares during the period. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

DHT Price Performance

NYSE:DHT opened at $10.30 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The stock’s 50-day simple moving average is $10.97 and its 200 day simple moving average is $11.34. The company has a market cap of $1.66 billion, a P/E ratio of 10.61 and a beta of -0.36. DHT Holdings, Inc. has a 52-week low of $9.28 and a 52-week high of $12.80.

DHT (NYSE:DHT) last issued its quarterly earnings data 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 return on equity of 15.19% and a net margin of 27.45%. The firm had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was down 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that DHT Holdings, Inc. will post 1.02 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 annualized dividend and a dividend yield of 10.49%. DHT’s dividend payout ratio is 111.34%.

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.