CENTRAL TRUST Co Invests $170,000 in DHT Holdings, Inc. (NYSE:DHT)

CENTRAL TRUST Co bought a new position in DHT Holdings, Inc. (NYSE:DHT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,173 shares of the shipping company’s stock, valued at approximately $170,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in DHT during the fourth quarter worth about $1,387,000. Rhumbline Advisers increased its position in DHT by 1.6% during the 4th quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock worth $2,559,000 after purchasing an additional 4,454 shares in the last quarter. Principal Financial Group Inc. raised its holdings in DHT by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 107,906 shares of the shipping company’s stock valued at $1,002,000 after buying an additional 9,341 shares during the period. Ieq Capital LLC acquired a new position in DHT during the fourth quarter valued at approximately $116,000. Finally, Dividend Assets Capital LLC grew its stake in DHT by 12.6% during the fourth quarter. Dividend Assets Capital LLC now owns 68,964 shares of the shipping company’s stock worth $641,000 after buying an additional 7,699 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI reduced their price objective on DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, DHT has an average rating of “Moderate Buy” and a consensus price target of $12.94.

DHT Price Performance

DHT opened at $11.96 on Friday. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.32. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 10.87 and a beta of 0.07. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $10.63.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.08% and a net margin of 32.87%. The company had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue was down 25.4% on a year-over-year basis. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a yield of 5.1%. DHT’s dividend payout ratio is presently 54.55%.

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.