Cibc World Markets Corp Takes $117,000 Position in DHT Holdings, Inc. (NYSE:DHT)

Cibc World Markets Corp bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,632 shares of the shipping company’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new stake in DHT in the fourth quarter worth about $36,000. Sunbelt Securities Inc. purchased a new position in shares of DHT in the 3rd quarter valued at approximately $50,000. SBI Securities Co. Ltd. acquired a new stake in DHT in the 4th quarter worth approximately $108,000. Soros Fund Management LLC purchased a new stake in DHT during the 3rd quarter worth approximately $114,000. Finally, Ieq Capital LLC acquired a new position in DHT during the 4th quarter valued at approximately $116,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHT has been the subject of several research reports. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research note on Thursday, December 12th. Jefferies Financial Group raised their target price on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and an average target price of $12.68.

DHT Stock Down 3.2 %

DHT stock opened at $10.54 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 9.41 and a beta of -0.38. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The firm’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. As a group, equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is 60.71%.

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.