New York State Common Retirement Fund Sells 35,416 Shares of DHT Holdings, Inc. (NYSE:DHT)

New York State Common Retirement Fund lessened its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,043 shares of the shipping company's stock after selling 35,416 shares during the quarter. New York State Common Retirement Fund's holdings in DHT were worth $400,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in DHT in the 4th quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new position in DHT in the 3rd quarter valued at approximately $50,000. Nisa Investment Advisors LLC increased its stake 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 during the last quarter. Soros Fund Management LLC acquired a new position in shares of DHT during the 3rd quarter worth $114,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of DHT during the 3rd quarter worth $134,000. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Stock Performance

NYSE:DHT traded up $0.17 during midday trading on Friday, reaching $10.77. The stock had a trading volume of 1,799,146 shares, compared to its average volume of 2,060,918. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The firm's fifty day simple moving average is $10.72 and its 200-day simple moving average is $10.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The stock has a market capitalization of $1.74 billion, a P/E ratio of 9.61 and a beta of -0.38.

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DHT (NYSE:DHT - Get Free Report) last posted its earnings results 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%. On average, equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

Analyst Ratings Changes

DHT has been the topic of several analyst reports. Kepler Capital Markets lowered shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price target on the stock. in a research note on Thursday, December 12th. StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group increased their price target on shares of DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, DHT presently has a consensus rating of "Moderate Buy" and an average target price of $12.68.

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.