Mackenzie Financial Corp Takes $260,000 Position in DHT Holdings, Inc. (NYSE:DHT)

Mackenzie Financial Corp acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,554 shares of the shipping company’s stock, valued at approximately $260,000.

A number of other hedge funds have also recently modified their holdings of DHT. FMR LLC grew its position in shares of DHT by 42.5% during the 3rd quarter. FMR LLC now owns 16,122,321 shares of the shipping company’s stock valued at $166,060,000 after acquiring an additional 4,808,258 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in DHT by 4,118.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 2,670,200 shares of the shipping company’s stock worth $27,503,000 after buying an additional 2,606,900 shares in the last quarter. LSV Asset Management increased its stake in DHT by 18,647.9% in the 3rd quarter. LSV Asset Management now owns 1,218,614 shares of the shipping company’s stock worth $12,552,000 after buying an additional 1,212,114 shares in the last quarter. Acadian Asset Management LLC increased its stake in DHT by 24.4% in the 3rd quarter. Acadian Asset Management LLC now owns 3,439,131 shares of the shipping company’s stock worth $35,399,000 after buying an additional 675,337 shares in the last quarter. Finally, Hosking Partners LLP increased its stake in DHT by 10.8% in the 3rd quarter. Hosking Partners LLP now owns 4,353,514 shares of the shipping company’s stock worth $44,841,000 after buying an additional 423,836 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upgraded DHT from a “hold” rating to a “buy” rating and increased their price target for the stock from $11.00 to $14.00 in a research note on Thursday, March 21st. Truist Financial raised their price objective on DHT from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, TheStreet upgraded DHT from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.

DHT Stock Up 0.3 %

Shares of NYSE DHT opened at $11.51 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94. The company has a market cap of $1.86 billion, a P/E ratio of 11.63 and a beta of -0.33. DHT Holdings, Inc. has a 1 year low of $7.30 and a 1 year high of $11.95. The firm has a 50-day simple moving average of $11.22 and a two-hundred day simple moving average of $10.79.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, February 6th. The shipping company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $94.50 million for the quarter, compared to analyst estimates of $95.78 million. DHT had a net margin of 28.78% and a return on equity of 15.52%. The company’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. Research analysts anticipate that DHT Holdings, Inc. will post 1.53 earnings per share for the current year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.65%. This is a positive change from DHT’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 20th. DHT’s dividend payout ratio (DPR) is presently 88.89%.

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.