Janney Montgomery Scott LLC Has $1.12 Million Stock Holdings in DHT Holdings, Inc. $DHT

Janney Montgomery Scott LLC raised its position in DHT Holdings, Inc. (NYSE:DHT) by 358.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 61,232 shares of the shipping company’s stock after acquiring an additional 47,881 shares during the period. Janney Montgomery Scott LLC’s holdings in DHT were worth $1,119,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DHT. Baron Wealth Management LLC raised its holdings in shares of DHT by 4.2% in the first quarter. Baron Wealth Management LLC now owns 14,750 shares of the shipping company’s stock valued at $269,000 after purchasing an additional 592 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after purchasing an additional 3,022 shares during the last quarter. Virtu Financial LLC bought a new position in DHT in the fourth quarter valued at $714,000. Axxcess Wealth Management LLC bought a new position in DHT in the fourth quarter valued at $369,000. Finally, Corient Private Wealth LLC increased its stake in DHT by 4.9% in the 4th quarter. Corient Private Wealth LLC now owns 24,031 shares of the shipping company’s stock valued at $285,000 after buying an additional 1,122 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Price Performance

NYSE:DHT opened at $17.75 on Monday. DHT Holdings, Inc. has a 1-year low of $10.61 and a 1-year high of $20.55. The company has a current ratio of 1.83, a quick ratio of 1.62 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $17.67 and a 200 day simple moving average of $16.62. The stock has a market capitalization of $2.86 billion, a PE ratio of 8.62 and a beta of -0.11.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $157.20 million for the quarter, compared to analyst estimates of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. The company’s quarterly revenue was up 134.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is currently 124.27%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BTIG Research boosted their price target on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Finally, Evercore lowered DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price on the stock. in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.33.

DHT Profile

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.