LSV Asset Management Sells 100,300 Shares of DHT Holdings, Inc. $DHT

LSV Asset Management lowered its holdings in DHT Holdings, Inc. (NYSE:DHT) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,066,312 shares of the shipping company’s stock after selling 100,300 shares during the quarter. LSV Asset Management’s holdings in DHT were worth $11,527,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Cerity Partners LLC acquired a new position in DHT during the 1st quarter worth about $465,000. CWM LLC increased its position in DHT by 223.4% in the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 2,116 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of DHT by 5.5% in the first quarter. Victory Capital Management Inc. now owns 531,531 shares of the shipping company’s stock worth $5,581,000 after acquiring an additional 27,662 shares during the last quarter. Drive Wealth Management LLC acquired a new position in shares of DHT during the first quarter worth approximately $112,000. Finally, Harbour Investments Inc. lifted its position in shares of DHT by 26.7% during the first quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock worth $70,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price target on shares of DHT in a research note on Thursday, October 30th. Zacks Research upgraded DHT to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $16.00 target price on shares of DHT in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus price target of $14.18.

DHT Stock Performance

Shares of DHT stock opened at $13.33 on Thursday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 10.75 and a beta of -0.01. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $13.85. The stock’s 50-day moving average is $12.53 and its 200-day moving average is $11.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The company had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $78.83 million. DHT had a return on equity of 17.18% and a net margin of 41.17%.DHT’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. Equities analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, November 12th. DHT’s dividend payout ratio is currently 58.06%.

DHT 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.