MQS Management LLC Has $283,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

MQS Management LLC increased its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 7.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,423 shares of the shipping company’s stock after buying an additional 1,662 shares during the period. MQS Management LLC’s holdings in DHT were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of DHT in the 1st quarter worth about $51,000. Summit Securities Group LLC bought a new stake in DHT in the second quarter worth approximately $78,000. Blue Trust Inc. lifted its stake in DHT by 41,626.3% in the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares during the period. XTX Topco Ltd bought a new position in shares of DHT during the 2nd quarter worth approximately $124,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of DHT during the 1st quarter worth approximately $129,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Price Performance

Shares of NYSE:DHT opened at $10.80 on Friday. The stock’s 50 day moving average is $11.05 and its 200-day moving average is $11.38. DHT Holdings, Inc. has a twelve month low of $9.28 and a twelve month high of $12.80. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.29 and a beta of -0.36.

DHT (NYSE:DHT) last released its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $103.70 million during the quarter, compared to the consensus estimate of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. Sell-side analysts forecast that DHT Holdings, Inc. will post 1.14 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio (DPR) is presently 102.86%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DHT shares. Stifel Nicolaus boosted their target price on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, DHT has an average rating of “Hold” and an average price target of $14.67.

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.