DHT Holdings, Inc. $DHT Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 6.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 773,163 shares of the shipping company’s stock after purchasing an additional 43,514 shares during the period. Empowered Funds LLC’s holdings in DHT were worth $14,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after buying an additional 1,596 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of DHT by 568.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after acquiring an additional 3,022 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of DHT during the 4th quarter worth about $58,000. Leonteq Securities AG purchased a new position in shares of DHT in the 4th quarter valued at about $59,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of DHT in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DHT shares. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, BTIG Research upped their target price on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

DHT Stock Down 0.3%

DHT opened at $18.54 on Thursday. DHT Holdings, Inc. has a one year low of $10.69 and a one year high of $20.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. The stock has a market capitalization of $2.98 billion, a P/E ratio of 9.00 and a beta of -0.11. The business’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $17.16.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $157.20 million during the quarter, compared to analysts’ expectations of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The business’s revenue was up 134.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were issued a $0.64 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 annualized dividend and a dividend yield of 13.8%. DHT’s dividend payout ratio is currently 124.27%.

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.