42,832 Shares in DHT Holdings, Inc. $DHT Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in DHT Holdings, Inc. (NYSE:DHT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,832 shares of the shipping company’s stock, valued at approximately $463,000.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC purchased a new position in DHT in the first quarter valued at approximately $465,000. 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 buying an additional 2,116 shares during the period. Victory Capital Management Inc. lifted its position in shares of DHT by 5.5% during the 1st quarter. Victory Capital Management Inc. now owns 531,531 shares of the shipping company’s stock valued at $5,581,000 after buying an additional 27,662 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of DHT during the 1st quarter worth $112,000. Finally, Harbour Investments Inc. increased its holdings in DHT by 26.7% in the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock worth $70,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DHT shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Wall Street Zen upgraded shares of DHT from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of DHT in a report on Thursday, October 30th. Finally, Evercore ISI increased their target price on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.18.

DHT Price Performance

Shares of NYSE:DHT opened at $13.32 on Friday. The company has a 50 day moving average of $12.55 and a 200 day moving average of $11.81. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.14 billion, a P/E ratio of 10.74 and a beta of -0.01. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $13.85.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The firm had revenue of $79.10 million during the quarter, compared to the consensus estimate of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.18%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. As a group, sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.4%. The ex-dividend date was Wednesday, November 12th. DHT’s payout ratio is presently 58.06%.

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.