Dimensional Fund Advisors LP Purchases 76,464 Shares of DHT Holdings, Inc. (NYSE:DHT)

Dimensional Fund Advisors LP boosted its holdings in DHT Holdings, Inc. (NYSE:DHTFree Report) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,361,401 shares of the shipping company’s stock after purchasing an additional 76,464 shares during the quarter. Dimensional Fund Advisors LP owned about 8.21% of DHT worth $131,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of DHT by 42.5% during the third quarter. FMR LLC now owns 16,122,321 shares of the shipping company’s stock valued at $166,060,000 after buying an additional 4,808,258 shares during the last quarter. Hosking Partners LLP increased its holdings in DHT by 10.8% during the 3rd quarter. Hosking Partners LLP now owns 4,353,514 shares of the shipping company’s stock worth $44,841,000 after purchasing an additional 423,836 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of DHT by 24.4% in the third quarter. Acadian Asset Management LLC now owns 3,439,131 shares of the shipping company’s stock worth $35,399,000 after purchasing an additional 675,337 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of DHT by 4,118.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 2,670,200 shares of the shipping company’s stock valued at $27,503,000 after purchasing an additional 2,606,900 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of DHT by 18,647.9% during the third quarter. LSV Asset Management now owns 1,218,614 shares of the shipping company’s stock valued at $12,552,000 after buying an additional 1,212,114 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

DHT Price Performance

Shares of NYSE:DHT opened at $12.49 on Friday. DHT Holdings, Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $12.67. The company’s 50-day moving average is $11.51 and its 200 day moving average is $10.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 3.54. The company has a market capitalization of $2.01 billion, a P/E ratio of 11.90 and a beta of -0.34.

DHT (NYSE:DHTGet Free Report) last released its earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). DHT had a net margin of 29.58% and a return on equity of 16.36%. The company had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $106.87 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that DHT Holdings, Inc. will post 1.52 earnings per share for the current year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 24th will be given a $0.29 dividend. This is an increase from DHT’s previous quarterly dividend of $0.22. This represents a $1.16 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date is Thursday, May 23rd. DHT’s dividend payout ratio (DPR) is currently 110.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DHT shares. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target on shares of DHT in a research report on Wednesday. Jefferies Financial Group upgraded shares of DHT from a “hold” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $14.00 in a report on Thursday, March 21st. Truist Financial upped their price objective on shares of DHT from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, TheStreet raised shares of DHT from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Check Out Our Latest Research Report on DHT

DHT Company Profile

(Free Report)

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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Institutional Ownership by Quarter for DHT (NYSE:DHT)

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