EP Wealth Advisors LLC Makes New $264,000 Investment in DHT Holdings, Inc. (NYSE:DHT)

EP Wealth Advisors LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,938 shares of the shipping company’s stock, valued at approximately $264,000.

Several other institutional investors have also recently made changes to their positions in the company. Pekin Hardy Strauss Inc. increased its holdings in DHT by 1.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock valued at $761,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of DHT by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock valued at $560,000 after purchasing an additional 1,172 shares in the last quarter. Stifel Financial Corp raised its holdings in DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after purchasing an additional 1,514 shares during the period. MQS Management LLC raised its holdings in DHT by 7.3% in the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock worth $283,000 after purchasing an additional 1,662 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in DHT by 52.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after purchasing an additional 2,361 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BTIG Research initiated coverage on DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus cut their target price 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. Finally, StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Three research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.54.

DHT Price Performance

Shares of NYSE DHT opened at $9.12 on Friday. The firm has a 50-day simple moving average of $10.40 and a 200-day simple moving average of $10.94. 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 stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 9.12 and a beta of -0.37. DHT Holdings, Inc. has a 52 week low of $8.69 and a 52 week high of $12.80.

DHT (NYSE:DHT) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. On average, equities analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is currently 88.00%.

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.