Blue Trust Inc. Acquires 6,943 Shares of DHT Holdings, Inc. (NYSE:DHT)

Blue Trust Inc. lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 87.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,871 shares of the shipping company’s stock after acquiring an additional 6,943 shares during the period. Blue Trust Inc.’s holdings in DHT were worth $172,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHT. Quarry LP lifted its holdings in shares of DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after acquiring an additional 3,717 shares during the period. Headlands Technologies LLC acquired a new stake in shares of DHT during the 1st quarter worth about $51,000. Summit Securities Group LLC acquired a new stake in shares of DHT during the 2nd quarter worth about $78,000. Point72 Hong Kong Ltd acquired a new stake in shares of DHT during the 2nd quarter worth about $80,000. Finally, XTX Topco Ltd acquired a new stake in shares of DHT during the 2nd quarter worth about $124,000. 58.53% of the stock is owned by institutional investors.

DHT Trading Up 0.6 %

DHT opened at $10.56 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 $1.70 billion, a PE ratio of 10.06 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 firm has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $11.37.

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

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio is 102.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHT. BTIG Research began coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus dropped their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, StockNews.com cut shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.50.

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.