111 Capital Invests $178,000 in DHT Holdings, Inc. $DHT

111 Capital bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,449 shares of the shipping company’s stock, valued at approximately $178,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. raised its stake in DHT by 8.7% in the 1st quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company’s stock worth $46,280,000 after purchasing an additional 354,074 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of DHT during the 1st quarter valued at approximately $19,950,000. Bridgeway Capital Management LLC grew its holdings in shares of DHT by 29.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,133,972 shares of the shipping company’s stock valued at $11,907,000 after purchasing an additional 259,276 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of DHT by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,078,387 shares of the shipping company’s stock valued at $11,323,000 after purchasing an additional 91,594 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of DHT by 85.0% during the 1st quarter. Empowered Funds LLC now owns 564,472 shares of the shipping company’s stock valued at $5,927,000 after purchasing an additional 259,276 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a report on Saturday, September 27th. Zacks Research upgraded shares of DHT to a “hold” rating in a research report on Monday, August 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a $15.00 price objective on shares of DHT in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

DHT Stock Down 1.3%

Shares of NYSE DHT opened at $11.47 on Wednesday. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $13.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. The firm’s 50 day simple moving average is $11.83 and its two-hundred day simple moving average is $11.29. The stock has a market capitalization of $1.84 billion, a P/E ratio of 9.72 and a beta of 0.01.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $92.80 million during the quarter, compared to analyst estimates of $95.41 million. DHT had a return on equity of 16.36% and a net margin of 36.58%.The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, August 18th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.4%. This is an increase from DHT’s previous quarterly dividend of $0.17. DHT’s dividend payout ratio is presently 81.36%.

DHT Company Profile

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.