Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys Shares of 48,240 DHT Holdings, Inc. $DHT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 48,240 shares of the shipping company’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Federated Hermes Inc. lifted its stake in shares of DHT by 101.6% in the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,368 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after buying an additional 1,596 shares during the last quarter. Fifth Third Bancorp increased its position in DHT by 96.5% during the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after buying an additional 2,042 shares during the last quarter. Sunbelt Securities Inc. bought a new position in DHT during the third quarter valued at about $60,000. Finally, State of Alaska Department of Revenue bought a new position in DHT during the third quarter valued at about $70,000. Institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. BTIG Research boosted their target price on DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Finally, Dnb Carnegie downgraded DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, DHT has an average rating of “Moderate Buy” and a consensus price target of $16.33.

DHT Trading Down 0.1%

DHT stock opened at $18.63 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. The business’s 50-day simple moving average is $16.92 and its 200-day simple moving average is $14.15. The firm has a market capitalization of $3.00 billion, a PE ratio of 14.22 and a beta of -0.09. DHT Holdings, Inc. has a 52 week low of $8.99 and a 52 week high of $20.55.

DHT (NYSE:DHT) last announced its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $117.85 million during the quarter, compared to the consensus estimate of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from DHT’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 19th. DHT’s dividend payout ratio is presently 125.19%.

About DHT

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.