Quantbot Technologies LP trimmed its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,257 shares of the shipping company's stock after selling 103,714 shares during the quarter. Quantbot Technologies LP owned 0.06% of DHT worth $950,000 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. Stifel Financial Corp raised its stake in shares of DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock valued at $235,000 after acquiring an additional 1,514 shares during the period. Spire Wealth Management bought a new stake in DHT in the fourth quarter worth about $36,000. Franklin Resources Inc. boosted its position in shares of DHT by 8.4% during the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company's stock valued at $588,000 after buying an additional 4,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of DHT by 41.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company's stock valued at $136,000 after buying an additional 4,290 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of DHT by 1.6% in the fourth quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company's stock worth $2,559,000 after buying an additional 4,454 shares during the period. 58.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Kepler Capital Markets cut shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price target on the stock. in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, DHT has an average rating of "Moderate Buy" and a consensus target price of $12.68.
Check Out Our Latest Analysis on DHT
DHT Stock Up 1.8 %
NYSE:DHT traded up $0.19 during trading hours on Friday, reaching $10.72. The company's stock had a trading volume of 1,042,189 shares, compared to its average volume of 1,804,000. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The stock has a 50 day moving average price of $10.87 and a two-hundred day moving average price of $10.54. The company has a market capitalization of $1.73 billion, a P/E ratio of 9.57 and a beta of -0.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84.
DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.
DHT Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.35%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio is currently 60.71%.
DHT Profile
(
Free Report)
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.
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