DHT Holdings, Inc. (NYSE:DHT) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,300,800 shares of the shipping company's stock after selling 240,475 shares during the period. LSV Asset Management owned approximately 0.81% of DHT worth $12,084,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DHT. American Century Companies Inc. increased its holdings in shares of DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after purchasing an additional 468,281 shares during the last quarter. Geode Capital Management LLC grew its holdings in DHT by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock valued at $15,400,000 after buying an additional 5,603 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of DHT by 78.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock worth $6,906,000 after acquiring an additional 327,442 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of DHT by 0.4% during the 4th quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock worth $5,134,000 after acquiring an additional 2,277 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of DHT by 1,367.3% during the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after acquiring an additional 469,528 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised 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. Three equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.68.

DHT Trading Up 3.2 %

Shares of NYSE DHT traded up $0.33 during mid-day trading on Friday, reaching $10.41. 1,501,301 shares of the company's stock were exchanged, compared to its average volume of 1,872,190. The company's 50-day moving average is $10.53 and its 200-day moving average is $10.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 9.29 and a beta of -0.06. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping 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%. Analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.54%. DHT's dividend payout ratio is currently 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.