Blue Trust Inc. Has $172,000 Stake in DHT Holdings, Inc. (NYSE:DHT)

Blue Trust Inc. lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 87.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,871 shares of the shipping company’s stock after acquiring an additional 6,943 shares during the period. Blue Trust Inc.’s holdings in DHT were worth $172,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its position in shares of DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after buying an additional 3,717 shares during the period. Headlands Technologies LLC acquired a new stake in shares of DHT during the 1st quarter worth approximately $51,000. Summit Securities Group LLC bought a new position in DHT during the 2nd quarter worth approximately $78,000. Point72 Hong Kong Ltd bought a new position in DHT during the 2nd quarter worth approximately $80,000. Finally, XTX Topco Ltd bought a new position in DHT during the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT opened at $10.56 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. DHT Holdings, Inc. has a twelve month low of $9.28 and a twelve month high of $12.80. The firm’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $11.37. The firm has a market cap of $1.70 billion, a P/E ratio of 10.06 and a beta of -0.36.

DHT (NYSE:DHT) last announced its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share 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 during the quarter, compared to the consensus estimate of $102.75 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, analysts forecast that DHT Holdings, Inc. will post 1.14 EPS for the current fiscal 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date was Friday, August 23rd. DHT’s payout ratio is currently 102.86%.

Analysts Set New Price Targets

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