Millburn Ridgefield Corp Acquires Shares of 15,609 DHT Holdings, Inc. (NYSE:DHT)

Millburn Ridgefield Corp purchased a new position in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,609 shares of the shipping company’s stock, valued at approximately $145,000.

Other institutional investors have also recently modified their holdings of the company. Pekin Hardy Strauss Inc. raised its holdings in DHT by 1.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock valued at $761,000 after acquiring an additional 1,000 shares during the period. Stifel Financial Corp raised its holdings in shares of DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after buying an additional 1,514 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of DHT by 52.2% in 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 during the last quarter. Spire Wealth Management purchased a new position in DHT during the 4th quarter worth $36,000. Finally, Franklin Resources Inc. increased its holdings in DHT by 8.4% during the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after buying an additional 4,000 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Performance

NYSE DHT opened at $10.84 on Monday. The firm has a market cap of $1.75 billion, a P/E ratio of 9.67 and a beta of -0.39. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The business’s 50-day moving average price is $10.45 and its 200 day moving average price is $10.58.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping 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, equities research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Tuesday, February 18th. DHT’s dividend payout ratio is presently 60.71%.

Analysts Set New Price Targets

Several brokerages have weighed in on DHT. Jefferies Financial Group raised their target price on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Kepler Capital Markets cut 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. Finally, StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $12.68.

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.