DHT Holdings, Inc. (NYSE:DHT) Stake Boosted by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,610 shares of the shipping company’s stock after buying an additional 1,740 shares during the period. Franklin Resources Inc.’s holdings in DHT were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company’s stock worth $37,658,000 after acquiring an additional 468,281 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in DHT by 78.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company’s stock worth $6,906,000 after purchasing an additional 327,442 shares during the period. Victory Capital Management Inc. grew its position in DHT by 1,367.3% during the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock worth $4,681,000 after purchasing an additional 469,528 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of DHT by 37.3% in the fourth quarter. JPMorgan Chase & Co. now owns 454,647 shares of the shipping company’s stock valued at $4,224,000 after purchasing an additional 123,599 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DHT in the fourth quarter worth $4,148,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

DHT Stock Performance

Shares of DHT stock opened at $10.41 on Friday. The firm has a market cap of $1.68 billion, a P/E ratio of 9.29 and a beta of -0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The stock’s 50-day moving average is $10.54 and its two-hundred day moving average is $10.46.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.54%. DHT’s dividend payout ratio (DPR) is currently 60.71%.

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.