Raymond James & Associates Purchases New Stake in DHT Holdings, Inc. (NYSE:DHT)

Raymond James & Associates bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 453,693 shares of the shipping company's stock, valued at approximately $5,004,000. Raymond James & Associates owned approximately 0.28% of DHT as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. M&G Plc acquired a new position in shares of DHT during the 1st quarter worth $16,417,000. Acadian Asset Management LLC raised its stake in shares of DHT by 43.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock worth $39,184,000 after buying an additional 1,032,832 shares during the last quarter. American Century Companies Inc. raised its stake in shares of DHT by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock worth $33,183,000 after buying an additional 873,356 shares during the last quarter. TrueMark Investments LLC acquired a new position in shares of DHT during the 2nd quarter worth $4,371,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of DHT by 194.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 562,743 shares of the shipping company's stock worth $6,511,000 after buying an additional 371,420 shares during the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Fearnley Fonds raised DHT to a "strong-buy" rating in a research note on Friday, September 27th. Stifel Nicolaus cut their target price on shares of DHT from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. BTIG Research initiated coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a "buy" rating and a $16.00 target price for the company. Finally, StockNews.com downgraded shares of DHT from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.50.

DHT Trading Down 0.2 %

Shares of NYSE:DHT traded down $0.02 during trading on Friday, reaching $10.30. 1,040,087 shares of the stock were exchanged, compared to its average volume of 1,843,566. 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 12-month low of $9.28 and a 12-month high of $12.80. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 10.62 and a beta of -0.36. The firm's 50-day moving average price is $10.96 and its 200 day moving average price is $11.33.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). DHT had a return on equity of 15.19% and a net margin of 27.45%. The firm had revenue of $103.70 million for the quarter, compared to analysts' expectations of $102.75 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm's revenue for the quarter was down 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that DHT Holdings, Inc. will post 1.02 earnings per share 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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date was Friday, August 23rd. DHT's dividend payout ratio is presently 111.34%.

DHT Company 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.