Boston Partners Acquires 9,445 Shares of DHT Holdings, Inc. (NYSE:DHT)

Boston Partners raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 6.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 168,004 shares of the shipping company’s stock after acquiring an additional 9,445 shares during the period. Boston Partners’ holdings in DHT were worth $1,561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Spire Wealth Management purchased a new position in DHT during the fourth quarter valued at $36,000. Sunbelt Securities Inc. purchased a new position in shares of DHT during the third quarter valued at about $50,000. Soros Fund Management LLC purchased a new position in shares of DHT during the third quarter valued at about $114,000. SBI Securities Co. Ltd. bought a new stake in shares of DHT in the fourth quarter worth about $108,000. Finally, Ieq Capital LLC purchased a new stake in shares of DHT in the fourth quarter worth about $116,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Down 4.1 %

Shares of DHT opened at $10.67 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $10.89 and a 200 day moving average of $10.53. The company has a market cap of $1.72 billion, a PE ratio of 9.53 and a beta of -0.38. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.37%. DHT’s dividend payout ratio is currently 60.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DHT. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a report on Thursday, December 12th. Jefferies Financial Group upped their price target on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.68.

DHT Company 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.