HighTower Advisors LLC Has $272,000 Position in DHT Holdings, Inc. $DHT

HighTower Advisors LLC lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,875 shares of the shipping company’s stock after selling 2,000 shares during the quarter. HighTower Advisors LLC’s holdings in DHT were worth $272,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 1,073 shares during the period. Tower Research Capital LLC TRC grew its holdings in DHT by 84.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 1,265 shares during the period. CWM LLC grew its holdings in DHT by 223.4% during the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 2,116 shares during the period. Harbour Investments Inc. grew its holdings in DHT by 26.7% during the first quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock valued at $70,000 after purchasing an additional 1,400 shares during the period. Finally, Xponance Inc. acquired a new position in DHT during the first quarter valued at approximately $106,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT stock opened at $11.75 on Wednesday. The company’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.00. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.89 billion, a PE ratio of 9.95 and a beta of 0.03. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.32.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. DHT had a net margin of 36.58% and a return on equity of 16.36%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a $0.24 dividend. This is a boost from DHT’s previous quarterly dividend of $0.17. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Monday, August 18th. DHT’s payout ratio is presently 81.36%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DHT shares. Zacks Research upgraded shares of DHT to a “hold” rating in a report on Monday, August 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $15.00 price target on shares of DHT in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $12.94.

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.