Teza Capital Management LLC Buys New Shares in DHT Holdings, Inc. $DHT

Teza Capital Management LLC bought a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 13,916 shares of the shipping company’s stock, valued at approximately $146,000.

Several other large investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after acquiring an additional 1,265 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of DHT by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,446 shares of the shipping company’s stock worth $488,000 after acquiring an additional 8,310 shares during the period. Northern Trust Corp lifted its holdings in shares of DHT by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company’s stock worth $14,107,000 after acquiring an additional 24,710 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of DHT by 33.2% during the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company’s stock worth $4,078,000 after acquiring an additional 109,376 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of DHT by 10.3% during the 4th quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company’s stock worth $2,289,000 after acquiring an additional 22,949 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Trading Down 3.8%

Shares of DHT stock opened at $12.15 on Wednesday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 10.30 and a beta of 0.03. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $11.35 and a 200 day simple moving average of $11.05. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.93.

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

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 7.9%. The ex-dividend date was Monday, August 18th. This is a boost from DHT’s previous quarterly dividend of $0.17. DHT’s dividend payout ratio is 81.36%.

Wall Street Analyst Weigh In

DHT has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of DHT in a report on Thursday, August 7th. Zacks Research raised shares of DHT to a “hold” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

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.