MQS Management LLC Acquires New Shares in DHT Holdings, Inc. (NYSE:DHT)

MQS Management LLC bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 22,761 shares of the shipping company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI grew its holdings in DHT by 150.0% in the fourth quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock worth $50,000 after purchasing an additional 3,000 shares during the period. Headlands Technologies LLC bought a new position in shares of DHT during the 1st quarter valued at approximately $51,000. Capital Performance Advisors LLP purchased a new stake in DHT in the fourth quarter worth $98,000. Granite Bay Wealth Management LLC purchased a new stake in DHT during the fourth quarter valued at about $111,000. Finally, Raymond James & Associates bought a new position in DHT in the 4th quarter worth approximately $128,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their price target on shares of DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.67.

DHT Stock Performance

DHT stock traded down $0.05 during midday trading on Friday, reaching $11.28. 145,469 shares of the company’s stock traded hands, compared to its average volume of 1,800,077. The stock’s 50-day moving average is $11.65 and its 200 day moving average is $11.37. The stock has a market cap of $1.82 billion, a P/E ratio of 10.79 and a beta of -0.35. DHT Holdings, Inc. has a 52-week low of $8.60 and a 52-week high of $12.80. The company has a current ratio of 3.30, a quick ratio of 2.69 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). DHT had a net margin of 29.58% and a return on equity of 16.34%. The firm had revenue of $106.30 million for the quarter, compared to analysts’ expectations of $106.87 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts anticipate that DHT Holdings, Inc. will post 1.22 EPS for the current year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 10.28%. This is an increase from DHT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, May 23rd. DHT’s dividend payout ratio is presently 110.48%.

DHT 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.