Savant Capital LLC Buys New Stake in DHT Holdings, Inc. $DHT

Savant Capital LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,202 shares of the shipping company’s stock, valued at approximately $240,000.

Several other large investors also recently bought and sold shares of DHT. Inspire Investing LLC purchased a new position in shares of DHT during the first quarter worth about $729,000. Cerity Partners LLC acquired a new stake in shares of DHT in the 1st quarter valued at about $465,000. Raymond James Financial Inc. grew its stake in DHT by 19.3% during the 1st quarter. Raymond James Financial Inc. now owns 532,609 shares of the shipping company’s stock worth $5,592,000 after buying an additional 86,115 shares during the last quarter. Energy Income Partners LLC grew its stake in DHT by 85.0% during the 1st quarter. Energy Income Partners LLC now owns 144,247 shares of the shipping company’s stock worth $1,515,000 after buying an additional 66,284 shares during the last quarter. Finally, Nuveen LLC acquired a new position in DHT during the first quarter worth approximately $3,660,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 2.2%

Shares of DHT stock opened at $13.33 on Thursday. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $13.85. The company has a market cap of $2.14 billion, a P/E ratio of 10.75 and a beta of -0.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The firm has a fifty day moving average of $12.53 and a two-hundred day moving average of $11.80.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The business had revenue of $79.10 million for the quarter, compared to the consensus estimate of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.18%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, November 12th. DHT’s dividend payout ratio is 58.06%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DHT. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $16.00 price target on shares of DHT in a research report on Thursday, October 30th. Evercore ISI increased their price target on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of DHT from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of DHT in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.18.

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.