BNP Paribas Financial Markets Sells 238,810 Shares of DHT Holdings, Inc. (NYSE:DHT)

BNP Paribas Financial Markets lowered its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 79.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 62,112 shares of the shipping company’s stock after selling 238,810 shares during the quarter. BNP Paribas Financial Markets’ holdings in DHT were worth $685,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after purchasing an additional 2,195,916 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of 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. American Century Companies Inc. boosted its holdings in DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after buying an additional 873,356 shares during the period. International Assets Investment Management LLC increased its stake in DHT by 1,144.6% in the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after buying an additional 624,266 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in DHT during the third quarter valued at about $5,004,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

DHT has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Stifel Nicolaus dropped their price target on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a report on Thursday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.54.

DHT Trading Down 1.8 %

Shares of DHT stock opened at $8.93 on Friday. The company has a 50-day moving average of $10.46 and a two-hundred day moving average of $10.97. The firm has a market cap of $1.44 billion, a PE ratio of 8.93 and a beta of -0.37. DHT Holdings, Inc. has a 1-year low of $8.69 and a 1-year high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 9.86%. DHT’s payout ratio is currently 88.00%.

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.