Bailard Inc. Makes New Investment in DHT Holdings, Inc. $DHT

Bailard Inc. purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,600 shares of the shipping company’s stock, valued at approximately $623,000.

A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in DHT by 9.5% during the 1st quarter. Principal Financial Group Inc. now owns 118,131 shares of the shipping company’s stock worth $1,240,000 after buying an additional 10,225 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of DHT by 921.3% in the first quarter. Nisa Investment Advisors LLC now owns 23,736 shares of the shipping company’s stock worth $249,000 after acquiring an additional 21,412 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of DHT during the first quarter worth $465,000. Xponance Inc. acquired a new stake in shares of DHT in the first quarter valued at $106,000. Finally, CWM LLC raised its stake in shares of DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 2,116 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Price Performance

Shares of NYSE DHT opened at $13.67 on Friday. The stock’s 50-day simple moving average is $12.45 and its 200-day simple moving average is $11.74. The firm has a market capitalization of $2.19 billion, a PE ratio of 11.02 and a beta of -0.01. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $13.85. 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 announced its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. DHT had a return on equity of 17.18% and a net margin of 41.17%.The firm had revenue of $79.10 million during the quarter, compared to the consensus estimate of $78.83 million. During the same period in the prior year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. As a group, equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, November 12th. DHT’s dividend payout ratio (DPR) is 58.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Evercore ISI upped their price target on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. BTIG Research reissued a “buy” rating and set a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Zacks Research upgraded shares of DHT to a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded shares of DHT from a “hold” rating to a “buy” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.18.

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.