M&G Plc Raises Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

M&G Plc boosted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,204,231 shares of the shipping company’s stock after acquiring an additional 16,736 shares during the period. M&G Plc’s holdings in DHT were worth $13,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DHT. Quarry LP boosted its holdings in shares of DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after buying an additional 3,717 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of DHT during the 1st quarter valued at approximately $51,000. Summit Securities Group LLC purchased a new stake in shares of DHT during the 2nd quarter worth approximately $78,000. Nisa Investment Advisors LLC increased its stake in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of DHT in the 2nd quarter worth approximately $80,000. Institutional investors own 58.53% of the company’s stock.

DHT Trading Up 1.5 %

Shares of DHT stock opened at $10.58 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 10.91 and a beta of -0.36. DHT Holdings, Inc. has a 12-month low of $9.28 and a 12-month high of $12.80. The stock’s 50-day moving average price is $10.93 and its 200-day moving average price is $11.31.

DHT (NYSE:DHT) last posted its earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The firm had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was down 8.2% compared to the same quarter last year. Equities research analysts predict that DHT Holdings, Inc. will post 1.02 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.21%. DHT’s payout ratio is currently 111.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DHT shares. BTIG Research started coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus reduced their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com cut DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.50.

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.