DHT Holdings, Inc. $DHT Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 1.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 66,129 shares of the shipping company’s stock after selling 981 shares during the period. Corebridge Financial Inc.’s holdings in DHT were worth $694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in DHT by 33.2% during the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company’s stock worth $4,078,000 after acquiring an additional 109,376 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in DHT during the 1st quarter worth approximately $112,000. GAMMA Investing LLC lifted its position in DHT by 1,805.5% during the 1st quarter. GAMMA Investing LLC now owns 25,095 shares of the shipping company’s stock worth $263,000 after acquiring an additional 23,778 shares in the last quarter. Cerity Partners LLC acquired a new position in DHT during the 1st quarter worth approximately $465,000. Finally, Millennium Management LLC lifted its position in DHT by 129.6% during the 4th quarter. Millennium Management LLC now owns 69,507 shares of the shipping company’s stock worth $646,000 after acquiring an additional 39,231 shares in the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Stock Performance

Shares of DHT opened at $12.44 on Friday. 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 firm has a market cap of $2.00 billion, a price-to-earnings ratio of 10.54 and a beta of 0.03. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.53. The business’s 50 day moving average is $11.28 and its two-hundred day moving average is $11.03.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating 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 return on equity of 16.36% and a net margin of 36.58%.The business’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.96 annualized dividend and a dividend yield of 7.7%. This is an increase from DHT’s previous quarterly dividend of $0.17. DHT’s dividend payout ratio is currently 81.36%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHT. Zacks Research raised DHT to a “hold” rating in a research report on Monday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of DHT in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price 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.