As of August 20, 2023, Russell Investments Group Ltd. has reduced its stake in DHT Holdings, Inc. by 12.4% during the first quarter. This information was obtained from their most recent filing with the Securities and Exchange Commission. The fund previously owned 686,692 shares of DHT’s stock but sold 97,025 shares during this period. At the time of the filing, Russell Investments Group Ltd. held approximately 0.42% of DHT’s worth, equivalent to $7,396,000.
On Tuesday, August 8th, DHT (NYSE: DHT) released its quarterly earnings data. The shipping company reported earnings per share (EPS) of $0.35 for the quarter, falling short of the consensus estimate of $0.41 by ($0.06). During this period, DHT generated a revenue of $112.90 million as opposed to analysts’ expectations of $109.95 million.
DHT demonstrated a notable return on equity at 15.46% and a net margin of 29.16%. Furthermore, compared to the same quarter last year, the company experienced a significant increase in revenue by 108.9%. In contrast to the modest earnings per share recorded this year, DHT earned $0.04 per share during the same period last year.
Equities analysts anticipate that DHT Holdings, Inc., may post an expected earnings per share figure of 1.1 for this fiscal year.
For more information on DHT Holdings and its latest report analysis, please refer to our comprehensive report available now on our platform.
Please note that all information provided is accurate as of August 20th, 2023
[bs_slider_forecast ticker=”DHT”]
DHT Holdings, Inc. has recently seen changes in its ownership as various institutional investors have made adjustments to their positions in the company. Keystone Investors PTE Ltd. acquired a new stake in DHT during the 4th quarter, valued at around $8,354,000. Aigen Investment Management LP also purchased a new stake in the same period, valued at approximately $555,000. Furthermore, Boston Partners increased its position in DHT by 9.6% during the 4th quarter and currently owns 153,437 shares of the company’s stock with an estimated value of $1,363,000. Additionally, Summit Global Investments obtained a new stake in DHT during the 1st quarter with an estimated worth of about $201,000. Finally, CM Wealth Advisors LLC also purchased a new stake during the same period valued at about $427,000. When combined, these institutional investors now own 61.63% of DHT’s stock.
As of Friday’s opening market price, shares of DHT stock were valued at $10.03 each. The shipping company currently holds a market capitalization of $1.63 billion and possesses a price-to-earnings ratio (PE) of 10.03 along with a beta indicator of -0.13. Over the past year, DHT experienced a low point of $6.96 and reached its highest point at $12.13 per share within that timeframe. Analysts have observed that over the 50-day period leading up to this date (August 20), DHT’s moving average price was recorded as $9.03 while over a broader span of time – namely 200 days – it averaged at $9.50 per share.
Furthermore, DHT recently announced its quarterly dividend payout which will be distributed on Wednesday August 30th . Shareholders who held their positions until August 23rd will receive a dividend of $0.35 per share. This represents an annualized dividend of $1.40 and equates to a dividend yield of 13.96%. The ex-dividend date is set for Tuesday, August 22nd.
Several brokerages have provided their assessments on DHT recently. Stifel Nicolaus, through its research report on Wednesday, July 19th, lowered its target price from $12.00 to $11.00 but maintained a “buy” rating on the company’s stock. TheStreet upgraded DHT from a “c+” rating to a “b” rating in a report issued on Tuesday, August 8th. StockNews.com also upgraded DHT’s rating from “hold” to “buy” in its own research report published on Wednesday. Jefferies Financial Group likewise reiterated its “hold” rating and set a price target of $10.00 on DHT shares in another report released on Wednesday, August 9th.
These recent developments in ownership, market performance, and ratings attributed to DHT Holdings, Inc., provide interesting insight into the current state of affairs for this shipping company and its investors alike. It remains to be seen how these factors will continue to impact DHT going forward.
