LSV Asset Management Grows Position in DHT Holdings, Inc. (NYSE:DHT)

LSV Asset Management raised its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 28.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534,614 shares of the shipping company’s stock after buying an additional 343,100 shares during the quarter. LSV Asset Management’s holdings in DHT were worth $17,755,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in DHT by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,361,401 shares of the shipping company’s stock valued at $131,076,000 after buying an additional 76,464 shares in the last quarter. Greenlight Capital Inc. grew its holdings in DHT by 86.7% during the 4th quarter. Greenlight Capital Inc. now owns 3,779,880 shares of the shipping company’s stock valued at $37,081,000 after buying an additional 1,755,060 shares in the last quarter. Acadian Asset Management LLC grew its holdings in DHT by 43.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock valued at $39,184,000 after buying an additional 1,032,832 shares in the last quarter. M&G Plc purchased a new position in DHT during the 1st quarter valued at approximately $16,417,000. Finally, M&G Investment Management Ltd. purchased a new position in shares of DHT in the 4th quarter worth approximately $11,223,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Price Performance

DHT opened at $10.26 on Wednesday. The business has a fifty day moving average of $11.04 and a 200 day moving average of $11.37. DHT Holdings, Inc. has a 52-week low of $8.60 and a 52-week high of $12.80. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.65 billion, a P/E ratio of 9.77 and a beta of -0.36.

DHT (NYSE:DHT) last posted its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The business had revenue of $103.70 million for the quarter, compared to analysts’ expectations of $102.75 million. During the same quarter in the previous year, the firm earned $0.35 EPS. DHT’s revenue was down 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that DHT Holdings, Inc. will post 1.14 EPS for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio (DPR) is presently 102.86%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DHT shares. StockNews.com cut DHT from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus lifted their target price on DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.67.

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.