DHT Holdings, Inc. (NYSE:DHT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,700 shares of the shipping company's stock after selling 68,806 shares during the quarter. SG Americas Securities LLC's holdings in DHT were worth $758,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. M&G Plc purchased a new position in shares of DHT during the 1st quarter worth about $16,417,000. Acadian Asset Management LLC grew its stake in shares of DHT by 43.8% during the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock valued at $39,184,000 after buying an additional 1,032,832 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of DHT by 43.8% in the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock worth $33,183,000 after buying an additional 873,356 shares during the period. TrueMark Investments LLC purchased a new position in DHT during the 2nd quarter valued at $4,371,000. Finally, Cubist Systematic Strategies LLC grew its position in DHT by 194.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 562,743 shares of the shipping company's stock valued at $6,511,000 after acquiring an additional 371,420 shares during the last quarter. Institutional investors own 58.53% of the company's stock.

DHT Stock Down 0.6 %

DHT stock traded down $0.07 during mid-day trading on Friday, reaching $11.72. 1,844,388 shares of the company were exchanged, compared to its average volume of 1,878,255. DHT Holdings, Inc. has a 12-month low of $9.28 and a 12-month high of $12.80. The business has a fifty day moving average of $11.03 and a 200 day moving average of $11.41. The firm has a market cap of $1.89 billion, a P/E ratio of 11.16 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87.

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

DHT Cuts Dividend

The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date was Friday, August 23rd. DHT's payout ratio is presently 102.86%.

Wall Street Analysts Forecast Growth

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

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.