Wolverine Trading LLC Makes New $236,000 Investment in DHT Holdings, Inc. (NYSE:DHT)

Wolverine Trading LLC acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 21,316 shares of the shipping company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of DHT by 12.4% during the second quarter. Bank of New York Mellon Corp now owns 466,751 shares of the shipping company’s stock valued at $5,400,000 after acquiring an additional 51,522 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of DHT during the second quarter valued at about $376,000. Summit Securities Group LLC purchased a new position in shares of DHT in the 2nd quarter valued at approximately $78,000. Finally, TrueMark Investments LLC acquired a new stake in DHT in the 2nd quarter worth approximately $4,371,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a research note on Thursday. Finally, Jefferies Financial Group restated a “buy” rating and issued a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Three equities research 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, DHT presently has an average rating of “Moderate Buy” and an average price target of $13.54.

DHT Price Performance

Shares of DHT opened at $9.12 on Monday. The company has a market capitalization of $1.47 billion, a P/E ratio of 9.12 and a beta of -0.37. The business’s 50-day moving average is $10.40 and its two-hundred day moving average is $10.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. DHT Holdings, Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $12.80.

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

DHT Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 9.65%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio is currently 88.00%.

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.