Raymond James Financial Inc. Takes $4.15 Million Position in DHT Holdings, Inc. (NYSE:DHT)

Raymond James Financial Inc. bought a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 446,494 shares of the shipping company's stock, valued at approximately $4,148,000. Raymond James Financial Inc. owned 0.28% of DHT at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DHT. Wasatch Advisors LP purchased a new position in shares of DHT in the 3rd quarter worth about $55,472,000. FMR LLC increased its position in DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock worth $266,849,000 after purchasing an additional 2,195,916 shares in the last quarter. Victory Capital Management Inc. raised its holdings in DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after buying an additional 469,528 shares during the period. Empowered Funds LLC acquired a new position in DHT during the fourth quarter valued at approximately $2,835,000. Finally, Two Sigma Advisers LP lifted its position in DHT by 15.7% during the third quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company's stock valued at $23,194,000 after buying an additional 284,900 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHT has been the subject of several recent research reports. Kepler Capital Markets lowered 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. Jefferies Financial Group upped their price target on shares of DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.68.

Remove Ads

DHT Stock Up 1.8 %

NYSE:DHT traded up $0.19 during trading hours on Friday, hitting $10.72. The stock had a trading volume of 1,042,189 shares, compared to its average volume of 1,804,000. The business has a 50 day simple moving average of $10.87 and a two-hundred day simple moving average of $10.54. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.73 billion, a PE ratio of 9.57 and a beta of -0.38.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's payout ratio is 60.71%.

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.