48,240 Shares in DHT Holdings, Inc. $DHT Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 48,240 shares of the shipping company’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DHT. First Trust Advisors LP increased its stake in DHT by 0.6% in the 2nd quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock worth $1,918,000 after purchasing an additional 1,114 shares in the last quarter. Federated Hermes Inc. lifted its stake in DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,368 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after buying an additional 1,596 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of DHT by 4.5% in the second quarter. Osaic Holdings Inc. now owns 37,567 shares of the shipping company’s stock worth $406,000 after buying an additional 1,634 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of DHT by 96.5% in the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after acquiring an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DHT shares. Wall Street Zen upgraded shares of DHT from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, BTIG Research increased their target price on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

DHT Stock Performance

DHT stock opened at $18.63 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. The stock has a market cap of $3.00 billion, a P/E ratio of 14.22 and a beta of -0.09. The firm has a 50 day simple moving average of $16.92 and a 200 day simple moving average of $14.15. DHT Holdings, Inc. has a 52 week low of $8.99 and a 52 week high of $20.55.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The company had revenue of $117.85 million during the quarter, compared to the consensus estimate of $116.96 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 37.8% compared to the same quarter last year. Research analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Thursday, February 19th. This is an increase from DHT’s previous quarterly dividend of $0.18. DHT’s payout ratio is currently 125.19%.

DHT Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.