DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in DHT Holdings, Inc. (NYSE:DHT) by 24.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,341 shares of the shipping company’s stock after buying an additional 6,673 shares during the quarter. Victory Capital Management Inc.’s holdings in DHT were worth $379,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC lifted its holdings in shares of DHT by 43.8% in the second 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 during the period. American Century Companies Inc. lifted its holdings in shares of DHT by 43.8% in the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after buying an additional 873,356 shares during the period. LSV Asset Management lifted its holdings in shares of DHT by 28.8% during the second quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company’s stock valued at $17,755,000 after purchasing an additional 343,100 shares during the last quarter. M&G PLC lifted its holdings in shares of DHT by 1.4% during the third quarter. M&G PLC now owns 1,204,231 shares of the shipping company’s stock valued at $13,247,000 after purchasing an additional 16,736 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of DHT by 15.2% during the first quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock valued at $11,478,000 after purchasing an additional 132,039 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 2.0 %

NYSE:DHT opened at $9.44 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 9.44 and a beta of -0.36. DHT Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $10.79 and its 200 day moving average price is $11.17.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same period in the previous year, the firm earned $0.19 earnings per share. DHT’s quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 9.32%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s payout ratio is currently 88.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Stifel Nicolaus reduced their target price on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. BTIG Research assumed coverage on DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 target price on shares of DHT in a report on Wednesday, November 13th. Finally, Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

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.