Jacobs Levy Equity Management Inc. Reduces Stake in DHT Holdings, Inc. (NYSE:DHT)

Jacobs Levy Equity Management Inc. lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 81.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,710 shares of the shipping company's stock after selling 687,441 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.10% of DHT worth $1,740,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pekin Hardy Strauss Inc. increased its stake in shares of DHT by 1.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company's stock valued at $761,000 after acquiring an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of DHT by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company's stock valued at $560,000 after purchasing an additional 1,172 shares during the period. MQS Management LLC boosted its position in shares of DHT by 7.3% during the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company's stock worth $283,000 after purchasing an additional 1,662 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock worth $76,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Pinion Investment Advisors LLC grew its stake in shares of DHT by 6.3% in the 2nd quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company's stock valued at $540,000 after buying an additional 2,773 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on DHT shares. BTIG Research began coverage on DHT in a report on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price target on the stock. StockNews.com upgraded DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Jefferies Financial Group restated a "buy" rating and set a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research note on Friday, September 27th. Finally, 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 report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, DHT has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

DHT Stock Up 1.5 %

DHT stock traded up $0.14 during trading on Monday, hitting $9.56. 687,218 shares of the company were exchanged, compared to its average volume of 1,828,178. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $10.63 and its 200 day moving average is $11.03. DHT Holdings, Inc. has a 52 week low of $9.23 and a 52 week high of $12.80. The company has a market capitalization of $1.54 billion, a P/E ratio of 9.42 and a beta of -0.37.

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

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.21%. DHT's payout ratio is presently 88.00%.

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.