DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in DHT Holdings, Inc. (NYSE:DHT) by 921.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,736 shares of the shipping company’s stock after purchasing an additional 21,412 shares during the period. Nisa Investment Advisors LLC’s holdings in DHT were worth $249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHT. DME Capital Management LP raised its position in shares of DHT by 20.8% in the 4th quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock valued at $48,735,000 after purchasing an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of DHT during the 4th quarter valued at approximately $8,126,000. American Century Companies Inc. raised its position in shares of DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company’s stock valued at $37,658,000 after acquiring an additional 468,281 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of DHT during the 4th quarter valued at approximately $4,148,000. Finally, Shell Asset Management Co. bought a new position in shares of DHT during the fourth quarter worth about $3,319,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DHT shares. Evercore ISI decreased their price target on DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, DHT has an average rating of “Moderate Buy” and a consensus price target of $12.94.

DHT Stock Performance

DHT opened at $11.00 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 10.00 and a beta of 0.05. The stock’s 50 day moving average price is $11.40 and its two-hundred day moving average price is $10.88. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 0.27. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32.

DHT (NYSE:DHT) last announced its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.08% and a net margin of 32.87%. DHT’s quarterly revenue was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

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

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.