Victory Capital Management Inc. Raises Holdings in DHT Holdings, Inc. (NYSE:DHT)

Victory Capital Management Inc. grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1,367.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 503,869 shares of the shipping company's stock after buying an additional 469,528 shares during the period. Victory Capital Management Inc. owned 0.31% of DHT worth $4,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock worth $266,849,000 after acquiring an additional 2,195,916 shares in the last quarter. Wasatch Advisors LP acquired a new stake in DHT during the 3rd quarter worth $55,472,000. Two Sigma Advisers LP lifted its position in DHT by 15.7% in the third quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company's stock valued at $23,194,000 after acquiring an additional 284,900 shares during the last quarter. Congress Asset Management Co. boosted its stake in DHT by 4.4% in the fourth quarter. Congress Asset Management Co. now owns 433,059 shares of the shipping company's stock valued at $4,023,000 after acquiring an additional 18,431 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of DHT during the fourth quarter worth about $2,835,000. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Stock Performance

DHT stock traded up $0.47 during trading on Wednesday, hitting $11.10. The company had a trading volume of 1,211,855 shares, compared to its average volume of 1,943,426. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The firm has a 50-day moving average price of $10.85 and a 200-day moving average price of $10.52. 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 firm has a market cap of $1.79 billion, a PE ratio of 9.91 and a beta of -0.38.

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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, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. On average, analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.12%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group upped their target price on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Kepler Capital Markets downgraded DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, DHT 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.