Fmr LLC Raises Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

FMR LLC grew its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,193,014 shares of the shipping company's stock after acquiring an additional 2,195,916 shares during the quarter. FMR LLC owned about 15.00% of DHT worth $266,849,000 at the end of the most recent reporting period.

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

DHT Price Performance

DHT stock traded down $0.03 during midday trading on Monday, hitting $9.39. 1,019,661 shares of the stock were exchanged, compared to its average volume of 1,815,812. 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 has a market cap of $1.51 billion, a price-to-earnings ratio of 9.42 and a beta of -0.36. DHT Holdings, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $12.80. The stock's 50-day moving average price is $10.76 and its 200-day moving average price is $11.14.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping 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 business had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same period in the previous year, the firm earned $0.19 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a $0.22 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.37%. DHT's dividend payout ratio is presently 88.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DHT shares. StockNews.com raised shares of DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Fearnley Fonds raised DHT to a "strong-buy" rating in a research note on Friday, September 27th. Jefferies Financial Group restated a "buy" rating and issued a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus cut their price objective on DHT from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Finally, BTIG Research started coverage on DHT in a report on Tuesday, October 15th. They issued a "buy" rating and a $16.00 target price for the company. Two 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.50.

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.