MQS Management LLC Purchases New Position in DHT Holdings, Inc. (NYSE:DHT)

MQS Management LLC acquired a new stake in DHT Holdings, Inc. (NYSE:DHT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,761 shares of the shipping company’s stock, valued at approximately $262,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in DHT by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock worth $11,478,000 after acquiring an additional 132,039 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of DHT in the 1st quarter worth approximately $336,000. M&G Plc acquired a new stake in DHT in the 1st quarter valued at about $16,417,000. ProShare Advisors LLC boosted its stake in shares of DHT by 7.2% during the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock valued at $280,000 after acquiring an additional 1,640 shares during the last quarter. Finally, US Bancorp DE raised its stake in DHT by 4,149.5% in the 1st quarter. US Bancorp DE now owns 28,854 shares of the shipping company’s stock valued at $332,000 after purchasing an additional 28,175 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 0.4 %

Shares of NYSE DHT traded down $0.05 on Friday, hitting $11.28. The company had a trading volume of 145,469 shares, compared to its average volume of 1,800,077. The company has a quick ratio of 2.69, a current ratio of 3.30 and a debt-to-equity ratio of 0.35. DHT Holdings, Inc. has a 12-month low of $8.60 and a 12-month high of $12.80. The firm has a market capitalization of $1.82 billion, a P/E ratio of 10.79 and a beta of -0.35. The business has a 50 day moving average of $11.65 and a two-hundred day moving average of $11.37.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, May 14th. The shipping company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). DHT had a return on equity of 16.34% and a net margin of 29.58%. The firm had revenue of $106.30 million during the quarter, compared to analyst estimates of $106.87 million. During the same quarter in the previous year, the business posted $0.23 EPS. DHT’s revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts forecast that DHT Holdings, Inc. will post 1.22 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date of this dividend was Thursday, May 23rd. This is an increase from DHT’s previous quarterly dividend of $0.22. DHT’s dividend payout ratio is currently 110.48%.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

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.