International Assets Investment Management LLC Has $7.49 Million Stake in DHT Holdings, Inc. (NYSE:DHT)

International Assets Investment Management LLC boosted its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1,144.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 678,808 shares of the shipping company's stock after purchasing an additional 624,266 shares during the quarter. International Assets Investment Management LLC owned approximately 0.42% of DHT worth $7,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 buying an additional 1,172 shares during the last quarter. ProShare Advisors LLC raised its stake in DHT by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company's stock valued at $280,000 after acquiring an additional 1,640 shares in the last quarter. MQS Management LLC boosted its position in 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 acquiring an additional 1,662 shares during the period. Pinion Investment Advisors LLC grew its stake in shares of DHT by 6.3% in the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company's stock worth $540,000 after purchasing an additional 2,773 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company's stock valued at $45,000 after purchasing an additional 3,717 shares during the period. Institutional investors and hedge funds own 58.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DHT shares. 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. 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. StockNews.com lowered shares of 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 research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

DHT Price Performance

DHT stock traded down $0.03 on Friday, hitting $10.29. 766,034 shares of the company's stock traded hands, compared to its average volume of 1,842,274. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 10.61 and a beta of -0.36. DHT Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $10.97 and a 200-day moving average of $11.34.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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%. The business's revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. On average, analysts forecast that DHT Holdings, Inc. will post 1.02 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 annualized dividend and a yield of 10.50%. DHT's payout ratio is presently 111.34%.

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.