67,000 Shares in DHT Holdings, Inc. (NYSE:DHT) Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 67,000 shares of the shipping company’s stock, valued at approximately $657,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Glenorchy Capital Ltd purchased a new stake in DHT in the fourth quarter worth approximately $2,684,000. New York State Common Retirement Fund grew its holdings in shares of DHT by 20.5% during the 4th quarter. New York State Common Retirement Fund now owns 186,764 shares of the shipping company’s stock valued at $1,832,000 after purchasing an additional 31,797 shares during the last quarter. Significant Wealth Partners LLC purchased a new position in DHT in the 4th quarter worth $4,640,000. Mackenzie Financial Corp bought a new stake in DHT in the fourth quarter worth $260,000. Finally, Strs Ohio purchased a new stake in DHT during the fourth quarter valued at about $441,000. Institutional investors own 58.53% of the company’s stock.

DHT Price Performance

DHT stock opened at $11.42 on Wednesday. DHT Holdings, Inc. has a 1 year low of $7.30 and a 1 year high of $11.95. The company has a market cap of $1.84 billion, a P/E ratio of 11.54 and a beta of -0.33. The firm has a 50-day moving average of $11.23 and a 200 day moving average of $10.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94.

DHT (NYSE:DHT) last announced its quarterly earnings data on Tuesday, February 6th. The shipping company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $95.78 million. DHT had a net margin of 28.78% and a return on equity of 15.52%. DHT’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts forecast that DHT Holdings, Inc. will post 1.53 EPS for the current year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st were given a dividend of $0.22 per share. This is an increase from DHT’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.88 dividend on an annualized basis and a yield of 7.71%. DHT’s dividend payout ratio is 88.89%.

Wall Street Analyst Weigh In

DHT has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of DHT from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 16th. Jefferies Financial Group upgraded shares of DHT from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.00 to $14.00 in a report on Thursday, March 21st. Finally, TheStreet upgraded DHT from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, DHT presently has an average rating of “Moderate Buy” and an average target price of $14.00.

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.