Ameriprise Financial Inc. Buys 109,376 Shares of DHT Holdings, Inc. (NYSE:DHT)

Ameriprise Financial Inc. lifted its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 438,930 shares of the shipping company’s stock after acquiring an additional 109,376 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of DHT worth $4,078,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. 683 Capital Management LLC boosted its stake in shares of DHT by 100.0% during the 4th quarter. 683 Capital Management LLC now owns 200,000 shares of the shipping company’s stock worth $1,858,000 after acquiring an additional 100,000 shares in the last quarter. Northern Trust Corp boosted its stake in shares of DHT by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company’s stock worth $14,107,000 after acquiring an additional 24,710 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of DHT by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,446 shares of the shipping company’s stock worth $488,000 after acquiring an additional 8,310 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of DHT during the 4th quarter worth about $334,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of NYSE DHT opened at $11.68 on Monday. The business has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $10.44. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.43 and a beta of -0.06. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.32.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. DHT’s revenue was down 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. Sell-side analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a yield of 5.1%. DHT’s dividend payout ratio is currently 54.55%.

Analyst Ratings Changes

A number of analysts have issued reports on DHT shares. Evercore ISI lowered their target price on DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $15.00 price objective on shares of DHT in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

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.