3,900 Shares in DHT Holdings, Inc. (NYSE:DHT) Bought by Spire Wealth Management

Spire Wealth Management purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,900 shares of the shipping company’s stock, valued at approximately $36,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of DHT during the 3rd quarter valued at about $50,000. Nisa Investment Advisors LLC grew 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 valued at $76,000 after acquiring an additional 2,361 shares during the last quarter. Soros Fund Management LLC purchased a new position in shares of DHT during the third quarter worth approximately $114,000. Sanctuary Advisors LLC bought a new stake in shares of DHT in the 3rd quarter worth approximately $134,000. Finally, Virtu Financial LLC purchased a new stake in shares of DHT in the 3rd quarter valued at $149,000. Institutional investors own 58.53% of the company’s stock.

DHT Trading Down 1.4 %

NYSE DHT opened at $11.35 on Monday. The stock has a market cap of $1.83 billion, a P/E ratio of 10.14 and a beta of -0.39. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The stock has a 50 day simple moving average of $10.11 and a two-hundred day simple moving average of $10.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.43% and a net margin of 31.72%. On average, analysts forecast that DHT Holdings, Inc. will post 0.84 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. 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 note on Thursday, December 12th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. BTIG Research began coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Jefferies Financial Group increased their price objective on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.