SG Americas Securities LLC Purchases Shares of 125,862 DHT Holdings, Inc. $DHT

SG Americas Securities LLC acquired a new position in DHT Holdings, Inc. (NYSE:DHT) during the 2nd quarter, HoldingsChannel reports. The fund acquired 125,862 shares of the shipping company’s stock, valued at approximately $1,361,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of DHT by 10.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 30,472 shares of the shipping company’s stock valued at $329,000 after purchasing an additional 2,936 shares during the period. Bailard Inc. purchased a new position in DHT in the second quarter valued at $623,000. PNC Financial Services Group Inc. increased its holdings in DHT by 190.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after buying an additional 1,982 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of DHT by 23.1% in the second quarter. SBI Securities Co. Ltd. now owns 14,284 shares of the shipping company’s stock worth $154,000 after acquiring an additional 2,682 shares during the period. Finally, Boston Partners boosted its stake in shares of DHT by 1.6% during the 2nd quarter. Boston Partners now owns 130,869 shares of the shipping company’s stock worth $1,415,000 after acquiring an additional 2,058 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

DHT has been the subject of several recent analyst reports. Zacks Research upgraded DHT to a “hold” rating in a research note on Monday, August 11th. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, October 8th. Evercore ISI increased their target price on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and a consensus target price of $14.18.

DHT Price Performance

Shares of DHT stock opened at $13.73 on Friday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 11.07 and a beta of -0.01. The business has a 50 day simple moving average of $12.58 and a two-hundred day simple moving average of $11.83. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $13.85. 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 (NYSE:DHT) last posted its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The firm had revenue of $79.10 million during the quarter, compared to the consensus estimate of $78.83 million. DHT had a return on equity of 17.18% and a net margin of 41.17%.The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal 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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, November 12th. 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.