Bayforest Capital Ltd Buys New Shares in DHT Holdings, Inc. $DHT

Bayforest Capital Ltd bought a new stake in DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,210 shares of the shipping company’s stock, valued at approximately $369,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in DHT by 0.6% during the second quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock valued at $1,918,000 after acquiring an additional 1,114 shares during the period. Federated Hermes Inc. grew its position 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 acquiring an additional 1,368 shares during the period. EverSource Wealth Advisors LLC grew its position in DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 1,596 shares during the period. Osaic Holdings Inc. grew its position in DHT by 4.5% during the second quarter. Osaic Holdings Inc. now owns 37,567 shares of the shipping company’s stock valued at $406,000 after acquiring an additional 1,634 shares during the period. Finally, Fifth Third Bancorp grew its position in DHT by 96.5% during the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 2,042 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

DHT Price Performance

Shares of NYSE DHT opened at $18.30 on Friday. DHT Holdings, Inc. has a 1-year low of $9.91 and a 1-year high of $20.55. The business has a 50-day moving average of $17.66 and a 200-day moving average of $14.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.97 and a beta of -0.09.

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

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were issued a $0.41 dividend. This is an increase from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend was Thursday, February 19th. DHT’s dividend payout ratio (DPR) is currently 125.19%.

DHT Company 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.