American Century Companies Inc. Boosts Stake in DHT Holdings, Inc. (NYSE:DHT)

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

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

DHT Trading Up 0.9 %

Shares of DHT stock traded up $0.10 on Tuesday, hitting $10.60. 133,382 shares of the company traded hands, compared to its average volume of 1,798,705. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.71 billion, a PE ratio of 9.46 and a beta of -0.38. The stock's 50 day moving average price is $10.86 and its 200-day moving average price is $10.54. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80.

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DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS 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%. Equities research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

Analyst Ratings Changes

A number of research firms recently weighed in on DHT. Jefferies Financial Group increased their price objective on shares of DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Kepler Capital Markets lowered DHT from a "buy" rating to a "hold" rating and set a $9.70 price target for the company. in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, DHT presently has a consensus rating of "Moderate Buy" and an average target price of $12.68.

About DHT

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.