DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 6.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 70,308 shares of the shipping company’s stock after buying an additional 4,081 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in DHT were worth $813,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Greenlight Capital Inc. grew its stake in shares of DHT by 86.7% in the 4th quarter. Greenlight Capital Inc. now owns 3,779,880 shares of the shipping company’s stock worth $37,081,000 after purchasing an additional 1,755,060 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in DHT in the fourth quarter valued at approximately $760,000. Dimensional Fund Advisors LP lifted its stake in DHT by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,361,401 shares of the shipping company’s stock valued at $131,076,000 after acquiring an additional 76,464 shares during the last quarter. 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. Finally, Capital Performance Advisors LLP acquired a new stake in shares of DHT in the fourth quarter worth $98,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

DHT stock traded up $0.44 on Thursday, reaching $11.35. 2,946,366 shares of the company were exchanged, compared to its average volume of 1,872,212. DHT Holdings, Inc. has a 12 month low of $8.60 and a 12 month high of $12.80. The stock’s fifty day moving average price is $11.35 and its 200 day moving average price is $11.41. The firm has a market capitalization of $1.83 billion, a PE ratio of 10.90 and a beta of -0.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.30 and a quick ratio of 2.69.

DHT (NYSE:DHT) last announced its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. DHT had a return on equity of 16.34% and a net margin of 29.58%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. On average, research analysts anticipate that DHT Holdings, Inc. will post 1.22 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.08 annualized dividend and a yield of 9.52%. DHT’s dividend payout ratio (DPR) is 110.48%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price objective on shares of DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and an average target price of $14.67.

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.