International Assets Investment Management LLC Has $590,000 Stake in DHT Holdings, Inc. (NYSE:DHT)

International Assets Investment Management LLC decreased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 91.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,207 shares of the shipping company's stock after selling 617,601 shares during the period. International Assets Investment Management LLC's holdings in DHT were worth $590,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DHT. Intech Investment Management LLC acquired a new stake in shares of DHT during the third quarter worth about $611,000. Barclays PLC raised its holdings in shares of DHT by 229.4% during the third quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock worth $2,083,000 after acquiring an additional 131,551 shares during the period. Kingsview Wealth Management LLC bought a new stake in DHT in the 3rd quarter valued at $2,611,000. Quantbot Technologies LP lifted its holdings in shares of DHT by 107.4% in the third quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company's stock valued at $2,272,000 after purchasing an additional 106,683 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of 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 buying an additional 310,311 shares during the period. Institutional investors own 58.53% of the company's stock.

DHT Stock Performance

Shares of NYSE:DHT traded up $0.67 on Friday, hitting $10.72. The company had a trading volume of 2,775,426 shares, compared to its average volume of 1,916,119. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 10.72 and a beta of -0.38. The stock has a 50 day moving average price of $9.75 and a 200 day moving average price of $10.62. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same quarter in the prior year, the business earned $0.19 EPS. DHT's quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 8.21%. DHT's payout ratio is currently 88.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DHT shares. 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. Jefferies Financial Group reiterated a "buy" rating and issued a $14.00 price objective on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on shares of DHT from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research report on Friday, September 27th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.54.

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.