Intech Investment Management LLC Decreases Stock Holdings in DHT Holdings, Inc. $DHT

Intech Investment Management LLC lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,264 shares of the shipping company’s stock after selling 9,736 shares during the period. Intech Investment Management LLC’s holdings in DHT were worth $749,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DHT. Roble Belko & Company Inc purchased a new stake in DHT during the 2nd quarter worth about $30,000. CWM LLC raised its position in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock worth $32,000 after acquiring an additional 2,116 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of DHT by 190.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after acquiring an additional 1,982 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in DHT by 344.1% during the second quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock worth $34,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in DHT by 260.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company’s stock valued at $63,000 after purchasing an additional 4,176 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHT. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Finally, Zacks Research raised DHT to a “hold” rating in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average price target of $14.18.

DHT Stock Down 0.3%

Shares of NYSE:DHT opened at $13.00 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. The stock has a market cap of $2.09 billion, a P/E ratio of 10.48 and a beta of -0.01. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $13.85. The firm has a fifty day moving average price of $12.60 and a 200 day moving average price of $11.88.

DHT (NYSE:DHT) last announced its earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. DHT had a net margin of 41.17% and a return on equity of 17.18%. The business had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $78.83 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. Sell-side analysts predict 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 Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Wednesday, November 12th. DHT’s dividend payout ratio (DPR) is 58.06%.

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.