State Board of Administration of Florida Retirement System Increases Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Posted by Defense World Staff on Sep 20th, 2023

State Board of Administration of Florida Retirement System increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT – Free Report) by 17.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,766 shares of the shipping company’s stock after buying an additional 25,823 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of DHT worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in shares of DHT in the fourth quarter worth about $555,000. Formula Growth Ltd. purchased a new stake in shares of DHT in the first quarter worth about $1,730,000. Summit Global Investments purchased a new stake in shares of DHT in the first quarter worth about $201,000. Acadian Asset Management LLC boosted its stake in shares of DHT by 1,060.2% in the first quarter. Acadian Asset Management LLC now owns 1,513,792 shares of the shipping company’s stock worth $16,348,000 after buying an additional 1,383,318 shares during the last quarter. Finally, CM Wealth Advisors LLC purchased a new stake in shares of DHT in the first quarter worth about $427,000. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Analysts Set New Price Targets

DHT has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and issued a $10.00 target price on shares of DHT in a research note on Wednesday, August 9th. TheStreet raised DHT from a “c+” rating to a “b” rating in a report on Tuesday, August 8th. Stifel Nicolaus reduced their price target on DHT from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, July 19th. Finally, StockNews.com cut DHT from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th.

Check Out Our Latest Analysis on DHT

DHT Stock Performance

NYSE DHT opened at $9.51 on Wednesday. The stock has a 50-day moving average of $9.34 and a 200 day moving average of $9.28. DHT Holdings, Inc. has a twelve month low of $6.96 and a twelve month high of $12.13. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.51 and a beta of -0.13. The company has a current ratio of 3.12, a quick ratio of 2.66 and a debt-to-equity ratio of 0.33.

DHT (NYSE:DHT – Get Free Report) last announced its earnings results on Tuesday, August 8th. The shipping company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). DHT had a net margin of 29.16% and a return on equity of 15.46%. The firm had revenue of $112.90 million for the quarter, compared to analyst estimates of $109.95 million. During the same period in the previous year, the company earned $0.04 EPS. DHT’s revenue was up 108.9% compared to the same quarter last year. Sell-side analysts anticipate that DHT Holdings, Inc. will post 1.04 EPS for the current fiscal year.

DHT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.72%. DHT’s payout ratio is currently 140.00%.

About DHT

(Free Report)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 16, 2023, it had a fleet of 23 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.