Rhumbline Advisers Sells 60,988 Shares of DHT Holdings, Inc. $DHT

Rhumbline Advisers reduced its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 22.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,485 shares of the shipping company’s stock after selling 60,988 shares during the quarter. Rhumbline Advisers owned 0.13% of DHT worth $2,252,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DHT. GAMMA Investing LLC grew its stake in shares of DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 1,073 shares during the period. CWM LLC lifted its position in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after buying an additional 2,116 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of DHT by 26.7% during the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock valued at $70,000 after buying an additional 1,400 shares in the last quarter. Xponance Inc. purchased a new position in shares of DHT during the 1st quarter valued at about $106,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of DHT during the 1st quarter valued at about $112,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

Shares of DHT stock opened at $12.95 on Thursday. The stock’s fifty day moving average is $11.52 and its two-hundred day moving average is $11.13. The company has a market capitalization of $2.08 billion, a PE ratio of 10.97 and a beta of 0.03. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $13.06.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $92.80 million for the quarter, compared to the consensus estimate of $95.41 million. DHT had a return on equity of 16.36% and a net margin of 36.58%.DHT’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. As a group, analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from DHT’s previous quarterly dividend of $0.17. DHT’s dividend payout ratio is currently 81.36%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of DHT in a research report on Thursday, August 7th. Zacks Research raised DHT to a “hold” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, DHT has a consensus rating of “Moderate Buy” and an average price target of $12.94.

DHT Company 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.