BNP Paribas Financial Markets Sells 238,810 Shares of DHT Holdings, Inc. (NYSE:DHT)

BNP Paribas Financial Markets lowered its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 79.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,112 shares of the shipping company's stock after selling 238,810 shares during the period. BNP Paribas Financial Markets' holdings in DHT were worth $685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quarry LP increased its position in shares of DHT by 2,494.6% in the second quarter. Quarry LP now owns 3,866 shares of the shipping company's stock worth $45,000 after purchasing an additional 3,717 shares during the period. Summit Securities Group LLC acquired a new position in shares of DHT during the 2nd quarter worth $78,000. Nisa Investment Advisors LLC lifted its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock worth $76,000 after buying an additional 2,361 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in DHT in the second quarter valued at about $80,000. Finally, Blue Trust Inc. grew its position in DHT by 41,626.3% in the second 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. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Trading Up 2.1 %

Shares of DHT stock traded up $0.19 during trading hours on Friday, hitting $9.12. 1,470,310 shares of the company's stock traded hands, compared to its average volume of 1,837,655. The stock has a market cap of $1.47 billion, a PE ratio of 8.93 and a beta of -0.37. The stock's 50 day simple moving average is $10.46 and its 200 day simple moving average is $10.97. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. DHT Holdings, Inc. has a 12 month low of $8.69 and a 12 month high of $12.80.

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

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's dividend payout ratio is presently 88.00%.

Wall Street Analyst Weigh In

DHT has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of DHT from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research note on Friday, September 27th. BTIG Research began coverage on shares of DHT in a report on Tuesday, October 15th. They set a "buy" rating and a $16.00 price target for the company. Finally, StockNews.com raised DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $13.54.

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.