DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC increased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,951 shares of the shipping company’s stock after acquiring an additional 961 shares during the quarter. Hohimer Wealth Management LLC’s holdings in DHT were worth $188,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of DHT by 33.2% in the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company’s stock valued at $4,078,000 after acquiring an additional 109,376 shares during the period. GAMMA Investing LLC increased its stake in DHT by 1,805.5% in the 1st quarter. GAMMA Investing LLC now owns 25,095 shares of the shipping company’s stock valued at $263,000 after buying an additional 23,778 shares during the period. Raymond James Financial Inc. acquired a new position in DHT in the 4th quarter valued at $4,148,000. Wealth Enhancement Advisory Services LLC acquired a new position in DHT in the 1st quarter valued at $112,000. Finally, Millennium Management LLC increased its stake in DHT by 129.6% in the 4th quarter. Millennium Management LLC now owns 69,507 shares of the shipping company’s stock valued at $646,000 after buying an additional 39,231 shares during the period. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Price Performance

Shares of NYSE DHT opened at $11.16 on Tuesday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 10.14 and a beta of 0.05. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.32. The company’s fifty day moving average is $11.41 and its two-hundred day moving average is $10.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.59.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a net margin of 32.87% and a return on equity of 17.08%. The business’s revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 5.1%. DHT’s dividend payout ratio is presently 54.55%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DHT. Jefferies Financial Group reissued a “buy” rating and issued a $15.00 price objective on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI dropped their price objective on shares of DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.94.

About DHT

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.