Empowered Funds LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 305,196 shares of the shipping company's stock, valued at approximately $2,835,000. Empowered Funds LLC owned about 0.19% of DHT as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of DHT. Spire Wealth Management acquired a new stake in shares of DHT in the fourth quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new stake in shares of DHT in the third quarter valued at approximately $50,000. Nisa Investment Advisors LLC raised its position in shares of DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock valued at $76,000 after buying an additional 2,361 shares in the last quarter. Soros Fund Management LLC acquired a new stake in shares of DHT in the third quarter valued at approximately $114,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of DHT in the third quarter valued at approximately $134,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on DHT. Stifel Nicolaus dropped 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. Jefferies Financial Group boosted their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Kepler Capital Markets downgraded shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective for the company. in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, DHT presently has an average rating of "Moderate Buy" and an average price target of $12.68.
Get Our Latest Stock Report on DHT
DHT Price Performance
DHT traded up $0.07 during trading on Monday, hitting $11.18. 2,154,727 shares of the stock traded hands, compared to its average volume of 2,325,407. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 9.98 and a beta of -0.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The business has a 50 day moving average price of $10.30 and a 200 day moving average price of $10.58.
DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.43%. Equities research analysts forecast that DHT Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.
DHT Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.08%. DHT's payout ratio is presently 78.57%.
DHT Company Profile
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Free Report)
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.
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