Intech Investment Management LLC Acquires New Position in DHT Holdings, Inc. (NYSE:DHT)

Intech Investment Management LLC acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 55,388 shares of the shipping company's stock, valued at approximately $611,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in shares of DHT by 74.6% during the 1st quarter. Boston Partners now owns 163,512 shares of the shipping company's stock valued at $1,880,000 after buying an additional 69,838 shares during the last quarter. Vanguard Group Inc. raised its stake in DHT by 15.2% in the 1st quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company's stock valued at $11,478,000 after acquiring an additional 132,039 shares during the period. International Assets Investment Management LLC lifted its holdings in 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 valued at $7,487,000 after purchasing an additional 624,266 shares during the last quarter. Millennium Management LLC boosted its position in DHT by 2,728.7% during the second quarter. Millennium Management LLC now owns 321,683 shares of the shipping company's stock worth $3,722,000 after purchasing an additional 310,311 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of DHT by 43.8% in 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 in the last quarter. 58.53% of the stock is owned by institutional investors.

DHT Price Performance

NYSE:DHT traded down $0.21 during trading hours on Friday, hitting $9.42. 1,674,485 shares of the company's stock traded hands, compared to its average volume of 1,441,963. DHT Holdings, Inc. has a 52 week low of $9.28 and a 52 week high of $12.80. The business's fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $11.14. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.52 billion, a P/E ratio of 9.42 and a beta of -0.36.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The firm had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. On average, research analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's payout ratio is 88.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, October 23rd. BTIG Research started coverage on DHT in a research report on Tuesday, October 15th. They set a "buy" rating and a $16.00 target price on the stock. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Jefferies Financial Group reiterated a "buy" rating and set a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Finally, Fearnley Fonds upgraded DHT to a "strong-buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.50.

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.