Allspring Global Investments Holdings LLC Purchases 8,476 Shares of DHT Holdings, Inc. (NYSE:DHT)

Allspring Global Investments Holdings LLC raised its position in DHT Holdings, Inc. (NYSE:DHT) by 92.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,654 shares of the shipping company’s stock after acquiring an additional 8,476 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DHT were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in DHT in the 3rd quarter valued at approximately $1,071,000. FMR LLC raised its stake in shares of DHT by 42.5% during the 3rd quarter. FMR LLC now owns 16,122,321 shares of the shipping company’s stock valued at $166,060,000 after purchasing an additional 4,808,258 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in DHT by 4,118.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 2,670,200 shares of the shipping company’s stock worth $27,503,000 after purchasing an additional 2,606,900 shares during the period. DAVENPORT & Co LLC grew its holdings in DHT by 86.3% during the 4th quarter. DAVENPORT & Co LLC now owns 191,278 shares of the shipping company’s stock valued at $1,876,000 after buying an additional 88,596 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of DHT by 880.9% during the fourth quarter. International Assets Investment Management LLC now owns 457,452 shares of the shipping company’s stock valued at $46,631,000 after buying an additional 410,816 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial raised their price objective on shares of DHT from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 16th. TheStreet upgraded shares of DHT from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded DHT from a “hold” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.00.

DHT Trading Up 0.3 %

Shares of DHT stock opened at $11.51 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94. DHT Holdings, Inc. has a 1 year low of $7.30 and a 1 year high of $11.95. The firm has a market cap of $1.86 billion, a PE ratio of 11.63 and a beta of -0.33. The company has a 50 day simple moving average of $11.22 and a two-hundred day simple moving average of $10.79.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, February 6th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $94.50 million during the quarter, compared to the consensus estimate of $95.78 million. DHT had a net margin of 28.78% and a return on equity of 15.52%. The firm’s revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Analysts expect that DHT Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were issued a $0.22 dividend. This is a boost from DHT’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date was Tuesday, February 20th. DHT’s dividend payout ratio is presently 88.89%.

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.