Sanctuary Advisors LLC Acquires Shares of 13,079 DHT Holdings, Inc. (NYSE:DHT)

Sanctuary Advisors LLC bought a new stake in DHT Holdings, Inc. (NYSE:DHT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,079 shares of the shipping company’s stock, valued at approximately $134,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quarry LP boosted its stake in DHT by 2,494.6% in the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after buying an additional 3,717 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of DHT in the 3rd quarter valued at $50,000. Nisa Investment Advisors LLC grew its position in 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 acquiring an additional 2,361 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in DHT in the 2nd quarter worth about $80,000. Finally, Soros Fund Management LLC bought a new position in DHT in the third quarter valued at about $114,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus dropped their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research report on Thursday, December 12th. Finally, StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average target price of $13.54.

DHT Stock Down 0.6 %

Shares of NYSE:DHT opened at $9.18 on Tuesday. The business’s 50-day moving average is $9.88 and its 200-day moving average is $10.73. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 9.18 and a beta of -0.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97.

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, topping analysts’ consensus estimates of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $87.51 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.59%. DHT’s dividend payout ratio is presently 88.00%.

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.