Farther Finance Advisors LLC Grows Stock Position in DHT Holdings, Inc. $DHT

Farther Finance Advisors LLC increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 344.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,162 shares of the shipping company’s stock after acquiring an additional 2,450 shares during the period. Farther Finance Advisors LLC’s holdings in DHT were worth $34,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of DHT by 1,805.5% during the first quarter. GAMMA Investing LLC now owns 25,095 shares of the shipping company’s stock valued at $263,000 after acquiring an additional 23,778 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of DHT during the first quarter valued at $112,000. Pinion Investment Advisors LLC boosted its stake in shares of DHT by 154.9% during the first quarter. Pinion Investment Advisors LLC now owns 111,622 shares of the shipping company’s stock valued at $1,172,000 after acquiring an additional 67,839 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of DHT during the first quarter valued at $170,000. Finally, International Assets Investment Management LLC boosted its stake in shares of DHT by 4.7% during the first quarter. International Assets Investment Management LLC now owns 64,107 shares of the shipping company’s stock valued at $673,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DHT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a report on Saturday, September 27th. Jefferies Financial Group reissued a “buy” rating and set a $15.00 price target on shares of DHT in a research report on Thursday, August 7th. Finally, Zacks Research raised DHT to a “hold” rating in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.94.

DHT Trading Down 1.3%

Shares of DHT opened at $11.47 on Wednesday. The stock has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $11.29. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 9.72 and a beta of 0.01. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $13.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33.

DHT (NYSE:DHT) last released its earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 16.36% and a net margin of 36.58%.DHT’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. Analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a dividend of $0.24 per share. This is an increase from DHT’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, August 18th. This represents a $0.96 dividend on an annualized basis and a yield of 8.4%. DHT’s dividend payout ratio (DPR) is presently 81.36%.

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.