Stifel Financial Corp Grows Stake in DHT Holdings, Inc. (NYSE:DHT)

Stifel Financial Corp increased its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,272 shares of the shipping company’s stock after purchasing an additional 1,514 shares during the quarter. Stifel Financial Corp’s holdings in DHT were worth $235,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DHT. Wasatch Advisors LP purchased a new stake in shares of DHT in the 3rd quarter worth about $55,472,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DHT in the third quarter valued at approximately $374,000. Cynosure Group LLC purchased a new position in shares of DHT during the 3rd quarter worth approximately $372,000. Quantbot Technologies LP raised its position in shares of DHT by 107.4% during the 3rd quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock worth $2,272,000 after purchasing an additional 106,683 shares during the last quarter. Finally, FMR LLC lifted its stake in DHT by 10.0% in the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after buying an additional 2,195,916 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Down 0.9 %

Shares of NYSE DHT opened at $9.24 on Monday. The stock has a market capitalization of $1.49 billion, a PE ratio of 9.24 and a beta of -0.37. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $9.92 and a 200-day moving average of $10.75. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $92.64 million during 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%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, analysts anticipate that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 9.52%. DHT’s payout ratio is 88.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a research note on Thursday, December 12th. BTIG Research started coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Fearnley Fonds raised DHT to a “strong-buy” rating in a research note on Friday, September 27th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, DHT currently has an average rating of “Moderate Buy” and a consensus price target of $13.54.

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.