Axxcess Wealth Management LLC Buys Shares of 30,226 DHT Holdings, Inc. $DHT

Axxcess Wealth Management LLC bought a new stake in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,226 shares of the shipping company’s stock, valued at approximately $369,000.

A number of other hedge funds also recently added to or reduced their stakes in DHT. Federated Hermes Inc. lifted its stake in DHT by 101.6% in the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,368 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after buying an additional 1,596 shares during the last quarter. Fifth Third Bancorp lifted its stake in DHT by 96.5% in the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after buying an additional 2,042 shares during the last quarter. Sound Income Strategies LLC bought a new stake in DHT in the fourth quarter valued at $58,000. Finally, Leonteq Securities AG bought a new stake in DHT in the fourth quarter valued at $59,000. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DHT shares. Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, April 22nd. BTIG Research lifted their price objective on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

DHT Price Performance

NYSE:DHT opened at $16.89 on Thursday. The business’s 50-day moving average price is $18.00 and its 200 day moving average price is $15.62. The firm has a market cap of $2.72 billion, a P/E ratio of 8.20 and a beta of -0.08. DHT Holdings, Inc. has a 52-week low of $10.61 and a 52-week high of $20.55. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33.

DHT (NYSE:DHT) last released its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 27.54% and a net margin of 58.54%.DHT’s revenue was up 134.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 15.2%. DHT’s dividend payout ratio is presently 124.27%.

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.