Russell Investments Group Ltd. Acquires 2,277 Shares of DHT Holdings, Inc. (NYSE:DHT)

Russell Investments Group Ltd. increased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,680 shares of the shipping company’s stock after purchasing an additional 2,277 shares during the period. Russell Investments Group Ltd. owned 0.34% of DHT worth $5,134,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Stifel Financial Corp boosted its position in shares of DHT by 7.7% during the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after acquiring an additional 1,514 shares during the last quarter. Wolverine Trading LLC bought a new position in shares of DHT during the 3rd quarter valued at about $236,000. Public Employees Retirement System of Ohio purchased a new position in shares of DHT during the third quarter valued at about $1,373,000. Barclays PLC increased its holdings in shares of DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock worth $2,083,000 after purchasing an additional 131,551 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of DHT in the third quarter worth about $50,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

Shares of DHT stock opened at $10.19 on Tuesday. The stock has a 50 day moving average price of $10.60 and a 200-day moving average price of $10.46. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.80. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 9.10 and a beta of -0.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.67%. The ex-dividend date was Tuesday, February 18th. DHT’s payout ratio is currently 60.71%.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their price objective on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.68.

About DHT

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.