Charles Schwab Investment Management Inc. Has $7.99 Million Position in DHT Holdings, Inc. (NYSE:DHT)

Charles Schwab Investment Management Inc. cut its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 27.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,540 shares of the shipping company's stock after selling 269,465 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.45% of DHT worth $7,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of DHT by 43.8% in the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock valued at $39,184,000 after purchasing an additional 1,032,832 shares during the last quarter. American Century Companies Inc. grew its holdings in DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock valued at $33,183,000 after buying an additional 873,356 shares during the last quarter. International Assets Investment Management LLC grew its holdings in DHT by 1,144.6% in the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company's stock valued at $7,487,000 after buying an additional 624,266 shares during the last quarter. Raymond James & Associates acquired a new stake in DHT in the 3rd quarter valued at approximately $5,004,000. Finally, TrueMark Investments LLC acquired a new stake in shares of DHT in the second quarter worth $4,371,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHT. BTIG Research began coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price objective on the stock. Stifel Nicolaus decreased their price target on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group reissued a "buy" rating and set a $14.00 target price on shares of DHT in a research report on Wednesday, November 13th. Fearnley Fonds raised DHT to a "strong-buy" rating in a research report on Friday, September 27th. Finally, StockNews.com raised DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, DHT has a consensus rating of "Moderate Buy" and an average price target of $14.50.

DHT Price Performance

NYSE DHT traded down $0.27 during trading on Wednesday, reaching $9.09. 1,908,073 shares of the company traded hands, compared to its average volume of 1,835,264. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The stock's 50 day moving average price is $10.57 and its two-hundred day moving average price is $10.99. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 9.36 and a beta of -0.37. DHT Holdings, Inc. has a 1-year low of $9.06 and a 1-year high of $12.80.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The company had revenue of $92.64 million for the quarter, compared to the consensus estimate of $87.51 million. During the same quarter in the previous year, the company earned $0.19 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 9.68%. DHT's dividend payout ratio (DPR) is presently 88.00%.

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.