Dynamic Technology Lab Private Ltd Acquires New Holdings in DHT Holdings, Inc. $DHT

Dynamic Technology Lab Private Ltd bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,412 shares of the shipping company’s stock, valued at approximately $329,000.

Several other large investors have also modified their holdings of DHT. Empowered Funds LLC increased its stake in shares of DHT by 5.5% during the 2nd quarter. Empowered Funds LLC now owns 595,452 shares of the shipping company’s stock worth $6,437,000 after purchasing an additional 30,980 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in DHT during the 2nd quarter valued at $239,000. Creative Planning grew its holdings in DHT by 34.1% during the 2nd quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock valued at $164,000 after buying an additional 3,859 shares during the last quarter. SG Americas Securities LLC purchased a new position in DHT during the second quarter worth $1,361,000. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of DHT by 10.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 30,472 shares of the shipping company’s stock worth $329,000 after acquiring an additional 2,936 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHT. Evercore ISI increased their price objective on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Zacks Research upgraded shares of DHT to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, October 8th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. Finally, BTIG Research reissued a “buy” rating and set a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, DHT presently has an average rating of “Moderate Buy” and a consensus price target of $14.18.

DHT Price Performance

Shares of NYSE DHT opened at $13.02 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $13.85. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.50 and a beta of -0.01. The business has a 50-day moving average of $12.59 and a 200-day moving average of $11.87.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. DHT had a return on equity of 17.18% and a net margin of 41.17%.The firm had revenue of $79.10 million for the quarter, compared to analyst estimates of $78.83 million. During the same period in the previous year, the company posted $0.22 EPS. DHT’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a $0.18 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 5.5%. DHT’s dividend payout ratio is 58.06%.

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.