American Century Companies Inc. Has $37.66 Million Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

American Century Companies Inc. raised its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,053,584 shares of the shipping company's stock after buying an additional 468,281 shares during the quarter. American Century Companies Inc. owned 2.51% of DHT worth $37,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in shares of DHT by 24.1% in the 3rd quarter. Victory Capital Management Inc. now owns 34,341 shares of the shipping company's stock valued at $379,000 after acquiring an additional 6,673 shares during the period. Intech Investment Management LLC bought a new stake in DHT in the third quarter valued at approximately $611,000. Raymond James Trust N.A. bought a new stake in DHT in the third quarter valued at approximately $159,000. FMR LLC raised its holdings in DHT by 10.0% in the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock worth $266,849,000 after purchasing an additional 2,195,916 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of DHT by 107.4% during the third quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company's stock worth $2,272,000 after purchasing an additional 106,683 shares in the last quarter. Institutional investors own 58.53% of the company's stock.

DHT Stock Up 0.6 %

DHT traded up $0.07 during trading on Tuesday, hitting $10.57. The company had a trading volume of 1,582,658 shares, compared to its average volume of 1,802,199. The company has a market capitalization of $1.70 billion, a PE ratio of 9.43 and a beta of -0.38. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.80. The firm's 50-day moving average price is $10.87 and its 200 day moving average price is $10.54.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, equities analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.44%. DHT's dividend payout ratio is currently 60.71%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Kepler Capital Markets cut shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective for the company. in a research report on Thursday, December 12th. Jefferies Financial Group increased their price target on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a report 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 MarketBeat, the company has a consensus 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.