Raymond James Financial Inc. Acquires New Position in DHT Holdings, Inc. (NYSE:DHT)

Raymond James Financial Inc. bought a new position in DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 446,494 shares of the shipping company’s stock, valued at approximately $4,148,000.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of DHT during the 3rd quarter worth about $611,000. Barclays PLC boosted its stake in shares of DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock valued at $2,083,000 after purchasing an additional 131,551 shares during the period. Quantbot Technologies LP lifted its stake in shares of DHT by 107.4% in the third quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock worth $2,272,000 after acquiring an additional 106,683 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in DHT during the 4th quarter worth approximately $1,387,000. Finally, Victory Capital Management Inc. raised its position in shares of DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock valued at $4,681,000 after purchasing an additional 469,528 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHT has been the topic of several research analyst reports. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group boosted their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.68.

DHT Stock Performance

Shares of DHT opened at $10.90 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The firm has a fifty day moving average of $10.87 and a 200-day moving average of $10.54. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.38.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

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.