Ritholtz Wealth Management Makes New $223,000 Investment in DHT Holdings, Inc. $DHT

Ritholtz Wealth Management bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the second quarter, HoldingsChannel reports. The fund bought 20,640 shares of the shipping company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock worth $25,000 after buying an additional 1,073 shares during the last quarter. CWM LLC grew its stake in shares of DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock worth $32,000 after purchasing an additional 2,116 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of DHT by 344.1% in the second quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock worth $34,000 after purchasing an additional 2,450 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of DHT by 26.7% in the first quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock worth $70,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Xponance Inc. bought a new stake in shares of DHT in the first quarter worth $106,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT opened at $11.93 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.92 billion, a P/E ratio of 10.11 and a beta of 0.01. The firm’s fifty day simple moving average is $11.90 and its two-hundred day simple moving average is $11.37. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $13.06.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $95.41 million. DHT had a net margin of 36.58% and a return on equity of 16.36%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.0%. This is an increase from DHT’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, August 18th. DHT’s payout ratio is currently 81.36%.

Analysts Set New Price Targets

Several analysts recently weighed in on DHT shares. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a research note on Wednesday, October 8th. Zacks Research raised shares of DHT to a “hold” rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $15.00 price objective on shares of DHT in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.18.

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.