DHT Holdings, Inc. (NYSE:DHT) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in DHT Holdings, Inc. (NYSE:DHT) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,300,800 shares of the shipping company’s stock after selling 240,475 shares during the period. LSV Asset Management owned 0.81% of DHT worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DHT. Stifel Financial Corp grew its position in shares of DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock valued at $235,000 after purchasing an additional 1,514 shares during the last quarter. Franklin Resources Inc. grew its holdings in DHT by 3.4% during the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock valued at $498,000 after buying an additional 1,740 shares during the last quarter. Russell Investments Group Ltd. increased its position in DHT by 0.4% during the fourth quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company’s stock worth $5,134,000 after buying an additional 2,277 shares in the last quarter. Spire Wealth Management acquired a new position in shares of DHT in the fourth quarter worth $36,000. Finally, Martingale Asset Management L P raised its holdings in shares of DHT by 2.5% in the fourth quarter. Martingale Asset Management L P now owns 164,491 shares of the shipping company’s stock worth $1,528,000 after acquiring an additional 4,000 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Trading Up 7.9 %

Shares of DHT stock opened at $10.61 on Friday. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The business’s fifty day moving average is $10.63 and its two-hundred day moving average is $10.47. 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 firm has a market cap of $1.71 billion, a PE ratio of 9.48 and a beta of -0.06.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Analysts anticipate 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 given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.41%. DHT’s dividend payout ratio is presently 60.71%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lifted their price objective on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.68.

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.