Intech Investment Management LLC Raises Stake in DHT Holdings, Inc. (NYSE:DHT)

Intech Investment Management LLC grew its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,886 shares of the shipping company's stock after buying an additional 28,498 shares during the period. Intech Investment Management LLC owned 0.05% of DHT worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management bought a new stake in DHT in the fourth quarter valued at approximately $36,000. Sunbelt Securities Inc. bought a new stake in shares of DHT in the 3rd quarter valued at $50,000. SBI Securities Co. Ltd. acquired a new stake in shares of DHT during the fourth quarter worth $108,000. Soros Fund Management LLC acquired a new stake in shares of DHT during the third quarter worth $114,000. Finally, Ieq Capital LLC bought a new position in DHT during the fourth quarter worth $116,000. Institutional investors and hedge funds own 58.53% of the company's stock.

Analysts Set New Price Targets

DHT has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Kepler Capital Markets lowered DHT from a "buy" rating to a "hold" rating and set a $9.70 target price on the stock. in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.68.

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DHT Stock Down 3.2 %

DHT stock traded down $0.35 during midday trading on Thursday, reaching $10.54. The stock had a trading volume of 1,862,878 shares, compared to its average volume of 1,746,977. The company has a market capitalization of $1.70 billion, a P/E ratio of 9.41 and a beta of -0.38. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a fifty day moving average price of $10.87 and a two-hundred day moving average price of $10.54. 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 (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 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%. As a group, equities analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders 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 6.45%. DHT's dividend payout ratio is currently 60.71%.

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.