Bleakley Financial Group LLC raised its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 302.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,990 shares of the shipping company's stock after purchasing an additional 31,548 shares during the period. Bleakley Financial Group LLC's holdings in DHT were worth $390,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP acquired a new position in shares of DHT during the 3rd quarter valued at about $55,472,000. FMR LLC increased its holdings in shares of DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock valued at $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of DHT by 1,144.6% during the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company's stock valued at $7,487,000 after acquiring an additional 624,266 shares during the last quarter. Raymond James & Associates acquired a new position in shares of DHT during the 3rd quarter valued at about $5,004,000. Finally, Millennium Management LLC increased its holdings in shares of DHT by 2,728.7% during the 2nd quarter. Millennium Management LLC now owns 321,683 shares of the shipping company's stock valued at $3,722,000 after acquiring an additional 310,311 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.
DHT Stock Performance
Shares of NYSE:DHT traded up $0.07 during trading on Friday, hitting $11.18. 2,154,727 shares of the stock were exchanged, compared to its average volume of 2,218,034. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.98 and a beta of -0.39. The company's fifty day simple moving average is $10.27 and its 200-day simple moving average is $10.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.
DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.43% and a net margin of 31.72%. Sell-side analysts expect that DHT Holdings, Inc. will post 0.84 EPS for the current fiscal year.
DHT Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.08%. DHT's dividend payout ratio (DPR) is presently 78.57%.
Analyst Ratings Changes
A number of research analysts have recently commented on DHT shares. Kepler Capital Markets lowered DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective on the stock. in a report on Thursday, December 12th. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Stifel Nicolaus lowered their target price on DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group raised their target price 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, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DHT presently has an average rating of "Moderate Buy" and an average target price of $13.54.
Read Our Latest Stock Report on DHT
About DHT
(
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.
See Also
Before you consider DHT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DHT wasn't on the list.
While DHT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
