Aviva PLC Sells 17,652 Shares of DHT Holdings, Inc. $DHT

Aviva PLC reduced its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 30.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,116 shares of the shipping company’s stock after selling 17,652 shares during the quarter. Aviva PLC’s holdings in DHT were worth $434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHT. Savant Capital LLC purchased a new stake in shares of DHT during the second quarter valued at about $240,000. Castlekeep Investment Advisors LLC bought a new position in shares of DHT during the 2nd quarter worth approximately $1,179,000. Roble Belko & Company Inc purchased a new stake in DHT during the second quarter valued at approximately $30,000. Y Intercept Hong Kong Ltd boosted its stake in DHT by 1,598.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 174,364 shares of the shipping company’s stock valued at $1,885,000 after acquiring an additional 164,100 shares in the last quarter. Finally, GoalVest Advisory LLC boosted its stake in DHT by 2.7% in the second quarter. GoalVest Advisory LLC now owns 115,581 shares of the shipping company’s stock valued at $1,249,000 after acquiring an additional 2,992 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Trading Up 0.6%

Shares of DHT stock opened at $13.67 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. The firm has a fifty day moving average price of $12.45 and a 200 day moving average price of $11.74. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $13.85. The stock has a market cap of $2.19 billion, a PE ratio of 11.02 and a beta of -0.01.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The company had revenue of $79.10 million for the quarter, compared to analyst estimates of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.18%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 earnings per share. Equities research analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, November 12th. DHT’s dividend payout ratio (DPR) is currently 58.06%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHT. Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded DHT to a “hold” rating in a research note on Monday, August 11th. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of DHT in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Finally, Evercore ISI lifted their target price on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.18.

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.