Inspire Investing LLC Buys 1,818 Shares of DHT Holdings, Inc. $DHT

Inspire Investing LLC raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 2.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,262 shares of the shipping company’s stock after acquiring an additional 1,818 shares during the quarter. Inspire Investing LLC’s holdings in DHT were worth $770,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Hohimer Wealth Management LLC raised its holdings in shares of DHT by 5.7% in the first quarter. Hohimer Wealth Management LLC now owns 17,951 shares of the shipping company’s stock valued at $188,000 after buying an additional 961 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of DHT by 0.6% in the first quarter. Martingale Asset Management L P now owns 165,461 shares of the shipping company’s stock valued at $1,737,000 after buying an additional 970 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock valued at $25,000 after buying an additional 1,073 shares during the last quarter. Earned Wealth Advisors LLC raised its holdings in shares of DHT by 11.3% in the first quarter. Earned Wealth Advisors LLC now owns 11,129 shares of the shipping company’s stock valued at $117,000 after buying an additional 1,129 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings 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 valued at $70,000 after buying an additional 1,400 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

DHT Price Performance

DHT stock opened at $11.42 on Monday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 9.67 and a beta of 0.01. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $13.06. The business has a 50-day moving average of $11.85 and a 200-day moving average of $11.31. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23.

DHT (NYSE:DHT) last posted 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. DHT had a return on equity of 16.36% and a net margin of 36.58%.The company had revenue of $92.80 million during the quarter, compared to analyst estimates of $95.41 million. During the same period in the previous year, the company earned $0.27 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a $0.24 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.96 annualized dividend and a dividend yield of 8.4%. This is a boost from DHT’s previous quarterly dividend of $0.17. DHT’s payout ratio is presently 81.36%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Zacks Research raised DHT to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of DHT in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and an average price target of $12.94.

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.