DHT (NYSE:DHT) Trading Up 5.3% – Should You Buy?

DHT Holdings, Inc. (NYSE:DHT)’s stock price rose 5.3% on Monday . The company traded as high as $9.96 and last traded at $9.95. Approximately 433,375 shares were traded during trading, a decline of 76% from the average daily volume of 1,826,223 shares. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHT. 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 report on Thursday, December 12th. Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.68.

DHT Trading Up 7.9 %

The firm’s 50-day simple moving average is $10.80 and its 200 day simple moving average is $10.50. The stock has a market cap of $1.64 billion, a P/E ratio of 9.10 and a beta of -0.06. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

Hedge Funds Weigh In On DHT

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock valued at $26,000 after acquiring an additional 1,265 shares in the last quarter. Spire Wealth Management acquired a new stake in DHT in the fourth quarter worth approximately $36,000. Banque Transatlantique SA bought a new position in DHT during the 4th quarter valued at $37,000. Sterling Capital Management LLC increased its position in shares of DHT by 822.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 3,856 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of DHT in the 3rd quarter worth $50,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

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.