Kingsview Wealth Management LLC Makes New $2.61 Million Investment in DHT Holdings, Inc. (NYSE:DHT)

Kingsview Wealth Management LLC acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 236,734 shares of the shipping company's stock, valued at approximately $2,611,000. Kingsview Wealth Management LLC owned approximately 0.15% of DHT as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of DHT by 7.2% in the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company's stock worth $280,000 after acquiring an additional 1,640 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 buying an additional 132,039 shares during the period. Lazard Asset Management LLC raised its holdings in DHT by 79.6% during the 1st quarter. Lazard Asset Management LLC now owns 12,522 shares of the shipping company's stock worth $144,000 after buying an additional 5,549 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in DHT by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,082 shares of the shipping company's stock valued at $450,000 after buying an additional 4,836 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of DHT by 6.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 410,892 shares of the shipping company's stock valued at $4,725,000 after buying an additional 23,852 shares during the period. Institutional investors and hedge funds own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHT. BTIG Research initiated coverage on shares of DHT in a report on Tuesday, October 15th. They set a "buy" rating and a $16.00 price objective on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on DHT from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Fearnley Fonds raised DHT to a "strong-buy" rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.50.

DHT Price Performance

Shares of NYSE DHT traded down $0.22 during trading hours on Monday, hitting $10.01. 1,365,012 shares of the stock were exchanged, compared to its average volume of 1,816,385. The company's fifty day simple moving average is $10.91 and its two-hundred day simple moving average is $11.22. The company has a market cap of $1.61 billion, a PE ratio of 10.01 and a beta of -0.36. 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 Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The firm had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, sell-side analysts predict that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Friday, November 22nd. DHT's dividend payout ratio is presently 88.00%.

About DHT

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.