Janney Montgomery Scott LLC Acquires 47,881 Shares of DHT Holdings, Inc. $DHT

Janney Montgomery Scott LLC increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 358.6% during the first quarter, Holdings Channel reports. The fund owned 61,232 shares of the shipping company’s stock after acquiring an additional 47,881 shares during the quarter. Janney Montgomery Scott LLC’s holdings in DHT were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DHT. EverSource Wealth Advisors LLC lifted its holdings in DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 1,596 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of DHT by 568.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 3,022 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of DHT in the fourth quarter valued at $58,000. Leonteq Securities AG bought a new position in shares of DHT in the fourth quarter valued at about $59,000. Finally, Sunbelt Securities Inc. bought a new position in shares of DHT in the third quarter valued at about $60,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. BTIG Research raised their price objective on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective for the company. in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.33.

DHT Stock Performance

Shares of NYSE DHT opened at $17.75 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 8.62 and a beta of -0.11. The stock’s fifty day moving average price is $17.67 and its two-hundred day moving average price is $16.62. DHT Holdings, Inc. has a one year low of $10.61 and a one year high of $20.55.

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

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a $0.64 dividend. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 14.4%. DHT’s dividend payout ratio is presently 124.27%.

About DHT

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.