DHT Holdings, Inc. (NYSE:DHT) Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,610 shares of the shipping company’s stock after buying an additional 1,740 shares during the period. Franklin Resources Inc.’s holdings in DHT were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stifel Financial Corp raised its stake in DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock valued at $235,000 after acquiring an additional 1,514 shares in the last quarter. Spire Wealth Management acquired a new position in shares of DHT during the fourth quarter valued at $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of DHT by 41.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 4,290 shares in the last quarter. Rhumbline Advisers lifted its holdings in DHT by 1.6% in the fourth quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock worth $2,559,000 after purchasing an additional 4,454 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in DHT in the fourth quarter worth about $71,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.68.

DHT Trading Up 3.2 %

Shares of DHT stock opened at $10.41 on Friday. The business has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $10.46. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 9.29 and a beta of -0.06. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, equities analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.54%. DHT’s dividend payout ratio (DPR) is 60.71%.

DHT 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.