DHT Holdings, Inc. (NYSE:DHT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 309,826 shares of the shipping company’s stock after selling 9,105 shares during the period. Rhumbline Advisers’ holdings in DHT were worth $3,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of DHT in the 1st quarter worth approximately $51,000. Summit Securities Group LLC acquired a new stake in shares of DHT during the 2nd quarter valued at $78,000. Blue Trust Inc. boosted its stake in shares of DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock worth $91,000 after acquiring an additional 7,909 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of DHT in the 1st quarter worth $129,000. Finally, Lazard Asset Management LLC raised its position in shares of DHT by 79.6% during the first quarter. Lazard Asset Management LLC now owns 12,522 shares of the shipping company’s stock worth $144,000 after purchasing an additional 5,549 shares during the period. 58.53% of the stock is currently owned by institutional investors.

DHT Trading Up 0.1 %

Shares of NYSE DHT opened at $11.19 on Wednesday. The firm has a market capitalization of $1.80 billion, a PE ratio of 10.66 and a beta of -0.36. DHT Holdings, Inc. has a one year low of $9.05 and a one year high of $12.80. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $11.38.

DHT (NYSE:DHT) last released its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share 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 analyst estimates of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, analysts predict that DHT Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 9.66%. DHT’s payout ratio is 102.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DHT. Stifel Nicolaus lifted their price target on DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.67.

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.