Charles Schwab Investment Management Inc. Sells 194,939 Shares of DHT Holdings, Inc. (NYSE:DHT)

Charles Schwab Investment Management Inc. cut its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 26.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 529,601 shares of the shipping company's stock after selling 194,939 shares during the period. Charles Schwab Investment Management Inc. owned 0.33% of DHT worth $4,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DHT. Stifel Financial Corp grew its holdings in DHT by 7.7% during the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock worth $235,000 after purchasing an additional 1,514 shares during the period. Spire Wealth Management bought a new position in shares of DHT during the 4th quarter worth approximately $36,000. Franklin Resources Inc. increased its holdings in shares of DHT by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company's stock worth $588,000 after acquiring an additional 4,000 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of DHT by 41.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company's stock worth $136,000 after acquiring an additional 4,290 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in DHT by 1.6% in the 4th quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company's stock valued at $2,559,000 after acquiring an additional 4,454 shares during the period. 58.53% of the stock is owned by institutional investors.

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DHT Stock Performance

DHT stock traded up $0.19 during trading hours on Friday, hitting $10.72. 1,042,189 shares of the stock were exchanged, compared to its average volume of 1,804,000. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. 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 firm has a market capitalization of $1.73 billion, a P/E ratio of 9.57 and a beta of -0.38. The company has a 50-day simple moving average of $10.87 and a two-hundred day simple moving average of $10.54.

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

DHT Cuts Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is currently 60.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DHT shares. Jefferies Financial Group lifted 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 shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price target on the stock. in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently 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.