TrueMark Investments LLC Sells 204,816 Shares of DHT Holdings, Inc. (NYSE:DHT)

TrueMark Investments LLC trimmed its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,819 shares of the shipping company's stock after selling 204,816 shares during the quarter. TrueMark Investments LLC owned 0.12% of DHT worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DHT. Spire Wealth Management purchased a new position in shares of DHT in the fourth quarter worth $36,000. Sunbelt Securities Inc. purchased a new stake in shares of DHT during the 3rd quarter valued at about $50,000. SBI Securities Co. Ltd. bought a new position in shares of DHT in the 4th quarter worth approximately $108,000. Soros Fund Management LLC purchased a new position in shares of DHT in the third quarter worth approximately $114,000. Finally, Ieq Capital LLC bought a new stake in shares of DHT during the 4th quarter valued at $116,000. Institutional investors own 58.53% of the company's stock.

DHT Price Performance

NYSE:DHT traded up $0.19 on Friday, reaching $10.72. 1,042,189 shares of the company's stock traded hands, compared to its average volume of 1,804,000. The firm has a market cap of $1.73 billion, a PE ratio of 9.57 and a beta of -0.38. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $10.54. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80.

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DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.35%. DHT's dividend payout ratio is 60.71%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DHT shares. Kepler Capital Markets downgraded 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 lifted their price objective on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $12.68.

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.