DHT Holdings, Inc. (NYSE:DHT) Position Lifted by Wasatch Advisors LP

Wasatch Advisors LP increased its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,077,223 shares of the shipping company's stock after purchasing an additional 48,037 shares during the quarter. Wasatch Advisors LP owned 3.15% of DHT worth $47,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHT. Barclays PLC grew its stake in shares of DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock worth $2,083,000 after purchasing an additional 131,551 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of DHT in the fourth quarter valued at about $4,148,000. Allspring Global Investments Holdings LLC acquired a new position in shares of DHT during the 4th quarter worth approximately $1,387,000. Victory Capital Management Inc. raised its holdings in shares of DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after acquiring an additional 469,528 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of DHT during the third quarter valued at $134,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price objective on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.68.

DHT Stock Down 2.5 %

Shares of DHT traded down $0.26 during midday trading on Monday, reaching $10.16. 301,001 shares of the company were exchanged, compared to its average volume of 1,871,659. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 9.07 and a beta of -0.06. The stock has a 50-day moving average price of $10.51 and a 200-day moving average price of $10.43.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.69%. DHT's dividend payout ratio is presently 60.71%.

About DHT

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.