DHT (NYSE:DHT) Stock Price Down 2.7% - Time to Sell?

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) shares fell 2.7% during trading on Monday . The stock traded as low as $10.25 and last traded at $10.32. 378,560 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,859,080 shares. The stock had previously closed at $10.60.

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their price target 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $12.68.

DHT Stock Up 3.2 %

The stock has a market cap of $1.68 billion, a P/E ratio of 9.29 and a beta of -0.06. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $10.53 and a 200-day simple moving average of $10.45.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates 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 year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.54%. DHT's dividend payout ratio is 60.71%.

Hedge Funds Weigh In On DHT

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Stifel Financial Corp grew its holdings in shares of DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock worth $235,000 after purchasing an additional 1,514 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in DHT in the 3rd quarter valued at $1,373,000. Barclays PLC raised its stake in shares of DHT by 229.4% in the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock valued at $2,083,000 after buying an additional 131,551 shares in the last quarter. Virtu Financial LLC bought a new position in shares of DHT during the 3rd quarter worth about $149,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of DHT during the 3rd quarter valued at about $134,000. 58.53% of the stock is currently owned by institutional investors.

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.