MQS Management LLC Purchases 15,261 Shares of DHT Holdings, Inc. (NYSE:DHT)

MQS Management LLC lifted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 62.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,684 shares of the shipping company’s stock after purchasing an additional 15,261 shares during the quarter. MQS Management LLC’s holdings in DHT were worth $438,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in DHT by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 619,634 shares of the shipping company’s stock valued at $7,126,000 after acquiring an additional 49,657 shares during the last quarter. Boston Partners raised its stake in DHT by 74.6% in the first quarter. Boston Partners now owns 163,512 shares of the shipping company’s stock valued at $1,880,000 after buying an additional 69,838 shares during the period. SG Americas Securities LLC acquired a new stake in shares of DHT in the first quarter valued at approximately $1,602,000. M&G Plc bought a new position in shares of DHT during the 1st quarter worth approximately $16,417,000. Finally, Vanguard Group Inc. increased its holdings in shares of DHT by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock worth $11,478,000 after acquiring an additional 132,039 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

DHT has been the topic of several research analyst reports. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of DHT in a report on Wednesday. BTIG Research began coverage on shares of DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. StockNews.com lowered shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus decreased their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

DHT Price Performance

Shares of NYSE DHT opened at $10.71 on Thursday. The company has a market capitalization of $1.73 billion, a PE ratio of 10.71 and a beta of -0.36. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. DHT Holdings, Inc. has a twelve month low of $9.28 and a twelve month high of $12.80. The firm has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $11.28.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.57%. The business had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same period in the prior year, the firm earned $0.19 earnings per share. DHT’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that DHT Holdings, Inc. will post 1.02 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 8.22%. DHT’s payout ratio is 108.00%.

DHT 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.