Rhumbline Advisers Lowers Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Rhumbline Advisers lessened its stake in DHT Holdings, Inc. (NYSE:DHT) by 22.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,485 shares of the shipping company’s stock after selling 60,988 shares during the period. Rhumbline Advisers owned approximately 0.13% of DHT worth $2,252,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DHT. DME Capital Management LP boosted its holdings in DHT by 20.8% in the 4th quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock worth $48,735,000 after buying an additional 902,704 shares during the period. Wasatch Advisors LP grew its stake in DHT by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company’s stock worth $47,167,000 after acquiring an additional 48,037 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of DHT by 13.1% during the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company’s stock valued at $37,658,000 after purchasing an additional 468,281 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of DHT by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company’s stock valued at $15,400,000 after purchasing an additional 5,603 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of DHT by 1.7% during the fourth quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company’s stock valued at $14,107,000 after purchasing an additional 24,710 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

DHT Price Performance

Shares of DHT stock opened at $11.91 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The firm’s 50-day moving average is $11.05 and its two-hundred day moving average is $10.59. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.32. The company has a market capitalization of $1.91 billion, a PE ratio of 10.63 and a beta of 0.07.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. The business’s revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.15 per share. This represents a yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT’s dividend payout ratio (DPR) is presently 54.55%.

Analysts Set New Price Targets

DHT has been the subject of a number of research analyst reports. Evercore ISI decreased their price target on shares of DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $15.00 target price on shares of DHT in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.94.

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.