As of the first quarter of 2023, Globeflex Capital L P has significantly increased its holdings in DHT Holdings, Inc. (NYSE:DHT), according to their recent Form 13F filing with the Securities & Exchange Commission. The investment firm now owns 31,183 shares of the shipping company’s stock, representing an 86.7% growth from before. This increase was achieved through the purchase of an additional 14,483 shares during this period. At the end of the quarter, Globeflex Capital L P’s total holdings in DHT were valued at $337,000.
DHT Holdings (NYSE:DHT) recently disclosed its quarterly earnings data on August 8th. The shipping company reported earnings per share of $0.35 for the quarter, falling short of the consensus estimate by ($0.06). In terms of revenue, DHT generated $112.90 million during the same timeframe, outperforming analyst estimates that predicted $109.95 million in revenue. These results showcase a notable growth rate year-over-year as DHT’s revenue increased by 108.9%. Comparatively, in the prior year’s corresponding period, DHT earned $0.04 earnings per share.
Additionally, DHT exhibited a net margin of 29.16% and a return on equity of 15.46%. These figures demonstrate the shipping company’s ability to effectively manage its operations and generate profits for its stakeholders.
Looking ahead, equities analysts forecast that DHT Holdings will report earnings per share of approximately 1.04 for the current fiscal year.
Investors and industry observers may want to consider these findings when evaluating DHT Holdings as a potential investment opportunity or when assessing their existing positions within the shipping sector.
For detailed insights into DHT Holdings’ financial performance and market trends surrounding it, readers are encouraged to review our latest research report on DHT Holdings.
As of September 10, 2023, these updates reflect the most recent available information.
DHT Holdings, Inc. Experiences Changes in Shareholders’ Positions and Analyst Ratings
DHT Holdings, Inc., a shipping company traded on the New York Stock Exchange under the symbol DHT, has experienced some recent changes in its shareholders’ positions. Several hedge funds and institutional investors have made notable acquisitions and increases in their stakes in DHT.
Tucker Asset Management LLC acquired a new stake in DHT during the first quarter, valued at approximately $25,000. Clear Street Markets LLC also acquired a new stake during the same period, valued at around $50,000. Tower Research Capital LLC TRC increased its stake by 64.5% during the third quarter, now owning 10,598 shares of DHT’s stock worth $80,000 after purchasing an additional 4,155 shares. Ritholtz Wealth Management and Simplicity Solutions LLC both bought new positions in shares of DHT during the first quarter as well, with values of approximately $115,000 each. In total, institutional investors and hedge funds currently own about 59.26% of DHT’s stock.
DHT started trading at $9.04 on Friday with a market capitalization of $1.47 billion. The stock has a price-to-earnings ratio (PE) of 9.04 and a beta value of -0.13. The company has a debt-to-equity ratio of 0.33 and exhibits commendable liquidity ratios with a current ratio of 3.12 and quick ratio of 2.66. Over the past fifty days, DHT had an average moving price of $9.28 and over two hundred days it had an average moving price of $9.42. Its fifty-two week low stands at $6.96 while its highest point was $12.13.
In terms of dividends, DHT recently announced a quarterly dividend which was paid on Wednesday, August 30th to shareholders registered as of Wednesday, August 23rd. The dividend paid was $0.35 per share, resulting in an annualized dividend of $1.40 and a yield of 15.49%. DHT’s high dividend payout ratio of 140.00% indicates that the company is distributing more in dividends than it is earning.
DHT has been the subject of various research reports lately. Stifel Nicolaus, a brokerage firm, lowered their target price on DHT from $12.00 to $11.00 and maintained a “buy” rating on the stock in a recent research note published on Wednesday, July 19th. StockNews.com also downgraded DHT from a “buy” rating to a “hold” rating in another research note released on Tuesday, September 5th. However, TheStreet upgraded DHT from a “c+” rating to a “b” rating in its research report issued on Tuesday, August 8th. Lastly, Jefferies Financial Group reiterated its “hold” rating and set a $10.00 target price for shares of DHT in yet another research note published on Wednesday, August 9th.
With these recent developments in shareholders’ positions and various ratings given by analysts, it remains to be seen how DHT Holdings will perform going forward and whether these changes will have any significant impacts on the company’s performance and stock value. Investors may want to carefully analyze these factors before making any decisions regarding their investments in DHT.