Sei Investments Co. Grows Position in DHT Holdings, Inc. (NYSE:DHT)

Sei Investments Co. increased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 95.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,779 shares of the shipping company's stock after acquiring an additional 79,014 shares during the period. Sei Investments Co. owned about 0.10% of DHT worth $1,872,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Greenlight Capital Inc. raised its holdings in DHT by 86.7% in the 4th quarter. Greenlight Capital Inc. now owns 3,779,880 shares of the shipping company's stock worth $37,081,000 after purchasing an additional 1,755,060 shares during the period. Acadian Asset Management LLC raised its stake in shares of DHT by 43.8% in the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock worth $39,184,000 after buying an additional 1,032,832 shares during the period. American Century Companies Inc. lifted its position in shares of DHT by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock valued at $33,183,000 after buying an additional 873,356 shares in the last quarter. LSV Asset Management grew its stake in shares of DHT by 28.8% during the 2nd quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company's stock valued at $17,755,000 after acquiring an additional 343,100 shares during the period. Finally, M&G Plc purchased a new stake in DHT in the 1st quarter worth approximately $16,417,000. 58.53% of the stock is currently owned by institutional investors.

DHT Price Performance

DHT stock traded down $0.14 during midday trading on Friday, hitting $11.90. The company's stock had a trading volume of 1,727,563 shares, compared to its average volume of 1,886,162. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. DHT Holdings, Inc. has a 12 month low of $9.28 and a 12 month high of $12.80. The company has a 50 day moving average of $11.00 and a two-hundred day moving average of $11.39. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.33 and a beta of -0.36.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The company had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. DHT had a return on equity of 15.19% and a net margin of 27.45%. DHT's revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. On average, analysts expect that DHT Holdings, Inc. will post 1.14 EPS for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.08%. DHT's payout ratio is 102.86%.

Analyst Ratings Changes

Several equities analysts have weighed in on DHT shares. Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a report on Friday, September 27th. Stifel Nicolaus lifted their target price on shares of DHT from $12.00 to $13.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Finally, StockNews.com downgraded shares of DHT from a "hold" rating to a "sell" rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, DHT currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.67.

DHT Company 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.