EP Wealth Advisors LLC Buys Shares of 23,938 DHT Holdings, Inc. (NYSE:DHT)

EP Wealth Advisors LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 23,938 shares of the shipping company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pekin Hardy Strauss Inc. lifted its holdings in DHT by 1.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock valued at $761,000 after acquiring an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in DHT by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock valued at $560,000 after purchasing an additional 1,172 shares during the period. Stifel Financial Corp lifted its stake in shares of DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock valued at $235,000 after purchasing an additional 1,514 shares during the last quarter. MQS Management LLC grew its holdings in shares of DHT by 7.3% during the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock worth $283,000 after purchasing an additional 1,662 shares during the period. Finally, Nisa Investment Advisors LLC increased its position 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. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Up 2.1 %

DHT stock opened at $9.12 on Friday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 9.12 and a beta of -0.37. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. DHT Holdings, Inc. has a twelve month low of $8.69 and a twelve month high of $12.80. The stock’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $10.94.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million for the quarter, compared to the consensus estimate of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. As a group, equities analysts expect that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 9.65%. DHT’s dividend payout ratio is currently 88.00%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DHT. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of DHT in a research report on Wednesday, November 13th. Stifel Nicolaus cut their target price on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research started coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company. Finally, Fearnley Fonds upgraded DHT to a “strong-buy” rating in a report on Friday, September 27th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, DHT currently has a consensus rating of “Moderate Buy” and an average target price of $13.54.

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.