Stifel Financial Corp Boosts Stake in DHT Holdings, Inc. (NYSE:DHT)

Stifel Financial Corp lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 7.7% during the third quarter, Holdings Channel reports. The fund owned 21,272 shares of the shipping company’s stock after purchasing an additional 1,514 shares during the quarter. Stifel Financial Corp’s holdings in DHT were worth $235,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Pekin Hardy Strauss Inc. lifted its position in shares of DHT by 1.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock worth $761,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of DHT by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after acquiring an additional 1,172 shares in the last quarter. MQS Management LLC increased its holdings in shares of DHT by 7.3% in the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock valued at $283,000 after acquiring an additional 1,662 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 2,361 shares in the last quarter. Finally, Pinion Investment Advisors LLC lifted its stake in DHT by 6.3% during the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company’s stock worth $540,000 after purchasing an additional 2,773 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Price Performance

NYSE:DHT opened at $9.24 on Monday. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.49 billion, a P/E ratio of 9.24 and a beta of -0.37. The business’s 50-day moving average price is $9.92 and its 200 day moving average price is $10.75.

DHT (NYSE:DHT) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million for the quarter, compared to the consensus estimate of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. As a group, sell-side analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio is 88.00%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHT. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th. BTIG Research started coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 target price on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus cut their price target on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Finally, Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, DHT has an average rating of “Moderate Buy” and a consensus price target of $13.54.

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.