Sei Investments Co. Cuts Stake in DHT Holdings, Inc. (NYSE:DHT)

Sei Investments Co. lessened its holdings in DHT Holdings, Inc. (NYSE:DHT) by 53.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,375 shares of the shipping company’s stock after selling 41,336 shares during the quarter. Sei Investments Co.’s holdings in DHT were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Spire Wealth Management purchased a new position in shares of DHT in the fourth quarter worth about $36,000. Sunbelt Securities Inc. purchased a new position in DHT in the 3rd quarter worth approximately $50,000. SBI Securities Co. Ltd. bought a new stake in DHT in the fourth quarter valued at approximately $108,000. Ieq Capital LLC purchased a new stake in shares of DHT during the fourth quarter valued at approximately $116,000. Finally, Cibc World Markets Corp bought a new position in shares of DHT in the fourth quarter worth approximately $117,000. 58.53% of the stock is owned by institutional investors.

DHT Stock Down 2.8 %

Shares of NYSE DHT opened at $9.82 on Friday. The firm has a fifty day simple moving average of $10.66 and a two-hundred day simple moving average of $10.47. The firm has a market capitalization of $1.58 billion, a PE ratio of 8.76 and a beta of -0.06. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80.

DHT (NYSE:DHT) last issued its quarterly earnings data 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 net margin of 31.72% and a return on equity of 17.42%. Equities analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently declared 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 was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.93%. DHT’s dividend payout ratio is presently 60.71%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DHT shares. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research report on Thursday, December 12th. Jefferies Financial Group increased their target price on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.68.

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.