Corebridge Financial Inc. Has $623,000 Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Corebridge Financial Inc. trimmed its position in DHT Holdings, Inc. (NYSE:DHT) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,110 shares of the shipping company’s stock after selling 5,066 shares during the quarter. Corebridge Financial Inc.’s holdings in DHT were worth $623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of DHT by 7.7% during the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after buying an additional 1,514 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of DHT during the 3rd quarter valued at $236,000. EP Wealth Advisors LLC bought a new stake in shares of DHT during the 3rd quarter valued at $264,000. Y Intercept Hong Kong Ltd lifted its stake in shares of DHT by 10.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 67,293 shares of the shipping company’s stock valued at $742,000 after purchasing an additional 6,150 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of DHT in the 3rd quarter worth $1,373,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHT has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.68.

DHT Stock Performance

DHT stock opened at $10.20 on Tuesday. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.64 billion, a PE ratio of 9.10 and a beta of -0.06. The business’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $10.50.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.67%. DHT’s payout ratio is 60.71%.

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.