Corient Private Wealth LLC Makes New $153,000 Investment in DHT Holdings, Inc. (NYSE:DHT)

Corient Private Wealth LLC bought a new stake in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,470 shares of the shipping company’s stock, valued at approximately $153,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DHT. Victory Capital Management Inc. raised its position in DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock valued at $4,681,000 after purchasing an additional 469,528 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of DHT in the fourth quarter valued at about $4,148,000. Empowered Funds LLC purchased a new stake in shares of DHT during the 4th quarter valued at about $2,835,000. Two Sigma Advisers LP lifted its position in DHT by 15.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock worth $23,194,000 after acquiring an additional 284,900 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in DHT in the 4th quarter worth approximately $1,387,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DHT shares. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.68.

DHT Stock Performance

DHT stock opened at $10.57 on Wednesday. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.70 billion, a P/E ratio of 9.43 and a beta of -0.38. The stock has a 50 day moving average of $10.87 and a 200-day moving average of $10.54.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.44%. DHT’s dividend payout ratio (DPR) is 60.71%.

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.