DHT Holdings, Inc. (NYSE:DHT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 73.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 331,048 shares of the shipping company's stock after selling 919,624 shares during the period. JPMorgan Chase & Co. owned 0.21% of DHT worth $3,651,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP increased its stake in shares of DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company's stock worth $45,000 after acquiring an additional 3,717 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in DHT during the third quarter worth about $50,000. Nisa Investment Advisors LLC raised its stake in DHT by 52.2% during the third 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 during the period. Point72 Hong Kong Ltd purchased a new position in DHT during the second quarter worth about $80,000. Finally, Soros Fund Management LLC acquired a new position in DHT in the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Stock Down 1.1 %

Shares of NYSE:DHT traded down $0.12 on Friday, hitting $10.78. 1,610,207 shares of the company's stock were exchanged, compared to its average volume of 1,282,329. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a market capitalization of $1.74 billion, a PE ratio of 10.78 and a beta of -0.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The firm's 50-day moving average is $9.83 and its 200 day moving average is $10.60.

DHT (NYSE:DHT - Get Free Report) last announced 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 firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. Sell-side analysts predict that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's payout ratio is 88.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Fearnley Fonds upgraded DHT to a "strong-buy" rating in a report on Friday, September 27th. Kepler Capital Markets lowered shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 target price on the stock. in a report on Thursday, December 12th. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price target for the company. Jefferies Financial Group reiterated a "buy" rating and issued a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus lowered their target price on DHT from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.54.

DHT 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.