Deutsche Bank AG Trims Position in DHT Holdings, Inc. $DHT

Deutsche Bank AG trimmed its stake in DHT Holdings, Inc. (NYSE:DHT) by 10.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,328 shares of the shipping company’s stock after selling 10,959 shares during the period. Deutsche Bank AG owned about 0.06% of DHT worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. DME Capital Management LP increased its position in shares of DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock worth $48,735,000 after acquiring an additional 902,704 shares during the period. Northern Trust Corp raised its position in DHT by 1.7% during the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of DHT by 11.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 986,793 shares of the shipping company’s stock worth $9,167,000 after buying an additional 99,197 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of DHT in the 4th quarter worth $8,126,000. Finally, Victory Capital Management Inc. grew its position in shares of DHT by 5.5% during the 1st quarter. Victory Capital Management Inc. now owns 531,531 shares of the shipping company’s stock worth $5,581,000 after buying an additional 27,662 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

DHT Trading Up 1.8%

NYSE:DHT opened at $11.6350 on Monday. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.32. The firm has a 50 day moving average of $11.24 and a 200 day moving average of $10.98. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.86 and a beta of 0.02.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. DHT had a net margin of 36.58% and a return on equity of 16.36%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, sell-side analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 18th will be paid a dividend of $0.24 per share. This is a positive change from DHT’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, August 18th. This represents a $0.96 annualized dividend and a yield of 8.3%. DHT’s dividend payout ratio (DPR) is presently 81.36%.

Analysts Set New Price Targets

Several research firms recently weighed in on DHT. Jefferies Financial Group restated a “buy” rating and issued a $15.00 price objective on shares of DHT in a report on Thursday, August 7th. Zacks Research raised shares of DHT to a “hold” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.