Public Employees Retirement System of Ohio Buys Shares of 124,438 DHT Holdings, Inc. (NYSE:DHT)

Public Employees Retirement System of Ohio acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 124,438 shares of the shipping company's stock, valued at approximately $1,373,000. Public Employees Retirement System of Ohio owned approximately 0.08% of DHT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company's stock valued at $45,000 after acquiring an additional 3,717 shares during the period. Summit Securities Group LLC acquired a new stake in DHT in the second quarter valued at approximately $78,000. Nisa Investment Advisors LLC increased its position in shares of DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock valued at $76,000 after buying an additional 2,361 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of DHT during the 2nd quarter worth approximately $80,000. Finally, Blue Trust Inc. lifted its position in shares of DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company's stock valued at $91,000 after buying an additional 7,909 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Price Performance

DHT traded down $0.10 on Thursday, reaching $8.89. 1,578,461 shares of the company's stock were exchanged, compared to its average volume of 1,837,609. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The stock has a market cap of $1.43 billion, a PE ratio of 8.89 and a beta of -0.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The stock's fifty day moving average price is $10.23 and its 200-day moving average price is $10.87.

DHT (NYSE:DHT - Get Free Report) last posted 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. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. During the same period in the prior year, the business earned $0.19 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's dividend payout ratio (DPR) is presently 88.00%.

Analyst Ratings Changes

Several brokerages recently commented on DHT. BTIG Research began coverage on shares of DHT in a report on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price target for the company. 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 research report on Thursday, December 12th. Jefferies Financial Group reissued a "buy" rating and set a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their price target on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and an average target price of $13.54.

About DHT

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.