Cornercap Investment Counsel Inc. Has $514,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

Cornercap Investment Counsel Inc. reduced its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 54.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 46,582 shares of the shipping company's stock after selling 56,232 shares during the period. Cornercap Investment Counsel Inc.'s holdings in DHT were worth $514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company's stock worth $45,000 after buying an additional 3,717 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of DHT by 52.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock valued at $76,000 after acquiring an additional 2,361 shares in the last quarter. Summit Securities Group LLC purchased a new stake in DHT during the 2nd quarter worth approximately $78,000. Point72 Hong Kong Ltd acquired a new stake in DHT in the second quarter valued at $80,000. Finally, Blue Trust Inc. boosted its stake in DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company's stock valued at $91,000 after acquiring an additional 7,909 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company's stock.

Wall Street Analyst Weigh In

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

DHT Price Performance

Shares of DHT stock traded down $0.35 during trading on Friday, hitting $10.45. The stock had a trading volume of 1,410,920 shares, compared to its average volume of 1,478,293. The business has a fifty day moving average of $10.92 and a two-hundred day moving average of $11.27. The firm has a market cap of $1.69 billion, a P/E ratio of 10.45 and a beta of -0.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 2.33. DHT Holdings, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. During the same quarter last year, the company posted $0.19 EPS. DHT's revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.42%. DHT's dividend payout ratio is 108.00%.

DHT Company 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.