Sei Investments Co. decreased its holdings in DHT Holdings, Inc. (NYSE:DHT – Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 82,765 shares of the shipping company’s stock after selling 1,276 shares during the period. Sei Investments Co. owned approximately 0.05% of DHT worth $952,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Greenlight Capital Inc. grew its position in DHT by 86.7% during the 4th quarter. Greenlight Capital Inc. now owns 3,779,880 shares of the shipping company’s stock worth $37,081,000 after acquiring an additional 1,755,060 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in DHT during the 4th quarter worth approximately $760,000. Dimensional Fund Advisors LP raised its stake in DHT by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,361,401 shares of the shipping company’s stock worth $131,076,000 after buying an additional 76,464 shares during the period. Capital Performance Advisors LLP acquired a new position in DHT during the 4th quarter worth approximately $98,000. Finally, SG Americas Securities LLC bought a new stake in DHT during the 1st quarter worth approximately $1,602,000. Institutional investors own 58.53% of the company’s stock.
DHT Price Performance
Shares of NYSE DHT opened at $11.54 on Monday. The stock has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $11.39. DHT Holdings, Inc. has a 1-year low of $8.60 and a 1-year high of $12.80. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 10.99 and a beta of -0.35. The company has a current ratio of 3.30, a quick ratio of 2.69 and a debt-to-equity ratio of 0.35.
DHT (NYSE:DHT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The shipping company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The firm had revenue of $106.30 million for the quarter, compared to the consensus estimate of $106.87 million. DHT had a net margin of 29.58% and a return on equity of 16.34%. DHT’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share. Analysts anticipate that DHT Holdings, Inc. will post 1.22 earnings per share for the current year.
DHT Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date of this dividend was Thursday, May 23rd. This is an increase from DHT’s previous quarterly dividend of $0.22. DHT’s dividend payout ratio (DPR) is 110.48%.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus boosted their price objective on DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.67.
Check Out Our Latest Report on DHT
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.
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