Beck Capital Management LLC Buys Shares of 93,450 DHT Holdings, Inc. (NYSE:DHT)

Beck Capital Management LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 93,450 shares of the shipping company’s stock, valued at approximately $1,081,000. Beck Capital Management LLC owned about 0.06% of DHT at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in DHT during the first quarter worth $51,000. Summit Securities Group LLC acquired a new stake in shares of DHT during the 2nd quarter worth about $78,000. Blue Trust Inc. raised its holdings in DHT by 41,626.3% in the 2nd 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 acquired a new position in DHT in the second quarter valued at about $124,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in DHT in the first quarter valued at about $144,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Down 4.6 %

Shares of NYSE:DHT opened at $10.79 on Monday. The firm has a market capitalization of $1.74 billion, a PE ratio of 10.28 and a beta of -0.36. DHT Holdings, Inc. has a 1 year low of $9.28 and a 1 year high of $12.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.33. The firm’s 50-day moving average is $11.05 and its two-hundred day moving average is $11.38.

DHT (NYSE:DHT) last released its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. DHT had a return on equity of 15.19% and a net margin of 27.45%. DHT’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. Analysts predict that DHT Holdings, Inc. will post 1.14 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were issued a $0.27 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 10.01%. DHT’s dividend payout ratio (DPR) is presently 102.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DHT shares. Stifel Nicolaus boosted their price target on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. 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 given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, DHT has an average rating of “Hold” and a consensus target price of $14.67.

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.