DHT Holdings, Inc. (NYSE:DHT) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 77.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,327 shares of the shipping company’s stock after selling 11,544 shares during the quarter. Blue Trust Inc.’s holdings in DHT were worth $31,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates acquired a new stake in shares of DHT during the third quarter worth $5,004,000. International Assets Investment Management LLC lifted its position in DHT by 1,144.6% during the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after buying an additional 624,266 shares during the period. Nisa Investment Advisors LLC boosted its stake in DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after buying an additional 2,361 shares during the last quarter. Congress Asset Management Co. grew its holdings in DHT by 1.2% in the 3rd quarter. Congress Asset Management Co. now owns 414,628 shares of the shipping company’s stock valued at $4,573,000 after buying an additional 4,941 shares during the period. Finally, M&G PLC increased its stake in shares of DHT by 1.4% during the 3rd quarter. M&G PLC now owns 1,204,231 shares of the shipping company’s stock valued at $13,247,000 after acquiring an additional 16,736 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DHT shares. Jefferies Financial Group raised their target price on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DHT currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.68.

DHT Stock Performance

Shares of DHT stock opened at $10.21 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.65 billion, a PE ratio of 9.11 and a beta of -0.39. The company’s fifty day simple moving average is $10.55 and its 200-day simple moving average is $10.57. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.66%. DHT’s payout ratio is currently 60.71%.

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.