State Board of Administration of Florida Retirement System Has $1.25 Million Stock Position in DHT Holdings, Inc. (NYSE:DHT)

State Board of Administration of Florida Retirement System raised its holdings in DHT Holdings, Inc. (NYSE:DHTGet Rating) by 703.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,203 shares of the shipping company’s stock after buying an additional 178,791 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.12% of DHT worth $1,252,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DHT. Campbell & CO Investment Adviser LLC acquired a new position in DHT in the first quarter valued at approximately $86,000. Aigen Investment Management LP acquired a new position in DHT in the second quarter valued at approximately $88,000. Fulcrum Asset Management LLP acquired a new position in DHT in the first quarter valued at approximately $90,000. SG Americas Securities LLC acquired a new position in DHT in the first quarter valued at approximately $141,000. Finally, Ellevest Inc. lifted its stake in DHT by 336.4% in the second quarter. Ellevest Inc. now owns 35,948 shares of the shipping company’s stock valued at $220,000 after buying an additional 27,710 shares during the period. 53.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Jefferies Financial Group boosted their price target on DHT from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, November 8th. StockNews.com assumed coverage on DHT in a report on Wednesday, October 12th. They set a “hold” rating for the company.

DHT Trading Down 1.7 %

Shares of DHT stock opened at $9.94 on Thursday. The stock has a fifty day simple moving average of $8.60 and a 200 day simple moving average of $7.24. DHT Holdings, Inc. has a 12-month low of $4.55 and a 12-month high of $10.21. The company has a market capitalization of $1.70 billion, a P/E ratio of -496.75 and a beta of -0.19. The company has a current ratio of 2.51, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

DHT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 22nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.16 dividend on an annualized basis and a yield of 1.61%. DHT’s dividend payout ratio (DPR) is presently -799.60%.

DHT Company Profile

(Get Rating)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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Institutional Ownership by Quarter for DHT (NYSE:DHT)

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