Nisa Investment Advisors LLC Trims Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Nisa Investment Advisors LLC lowered its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 84.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,527 shares of the shipping company’s stock after selling 24,896 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DHT were worth $52,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DHT. National Bank of Canada FI grew its stake in DHT by 150.0% in the fourth quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock worth $50,000 after purchasing an additional 3,000 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of DHT during the 1st quarter worth $51,000. Blue Trust Inc. increased its stake in shares of DHT by 41,626.3% during the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of DHT in the fourth quarter valued at about $98,000. Finally, Raymond James & Associates purchased a new stake in DHT in the fourth quarter worth about $128,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their target price on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.67.

DHT Trading Down 1.6 %

Shares of NYSE:DHT opened at $10.67 on Monday. The company has a market capitalization of $1.72 billion, a PE ratio of 10.16 and a beta of -0.35. The company has a current ratio of 3.30, a quick ratio of 2.69 and a debt-to-equity ratio of 0.35. DHT Holdings, Inc. has a 12-month low of $8.60 and a 12-month high of $12.80. The business’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $11.43.

DHT (NYSE:DHT) last posted its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $102.75 million. DHT had a net margin of 29.58% and a return on equity of 16.34%. DHT’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities research analysts predict that DHT Holdings, Inc. will post 1.22 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, August 23rd. This represents a $1.08 annualized dividend and a dividend yield of 10.12%. DHT’s dividend payout ratio (DPR) is presently 102.86%.

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.