MQS Management LLC Boosts Stake in DHT Holdings, Inc. (NYSE:DHT)

MQS Management LLC increased its position in DHT Holdings, Inc. (NYSE:DHT) by 62.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,684 shares of the shipping company’s stock after purchasing an additional 15,261 shares during the quarter. MQS Management LLC’s holdings in DHT were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHT. Quarry LP increased 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 purchasing an additional 3,717 shares in the last quarter. Headlands Technologies LLC bought a new position in DHT during the 1st quarter valued at about $51,000. Nisa Investment Advisors LLC grew its stake in shares of DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after acquiring an additional 2,361 shares during the period. Summit Securities Group LLC purchased a new position in shares of DHT during the second quarter valued at approximately $78,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of DHT during the second quarter valued at approximately $80,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 target price on shares of DHT in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

DHT Trading Up 5.5 %

DHT stock opened at $10.71 on Thursday. The firm has a fifty day moving average price of $10.91 and a 200 day moving average price of $11.28. DHT Holdings, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The firm has a market cap of $1.73 billion, a PE ratio of 10.71 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.57%. The business had revenue of $92.64 million for the quarter, compared to the consensus estimate of $87.51 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that DHT Holdings, Inc. will post 1.02 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a $0.22 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.22%. DHT’s dividend payout ratio is presently 108.00%.

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.