DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in DHT Holdings, Inc. (NYSE:DHT) by 10.0% during the third quarter, Holdings Channel.com reports. The firm owned 24,193,014 shares of the shipping company’s stock after purchasing an additional 2,195,916 shares during the quarter. Fmr LLC owned 0.15% of DHT worth $266,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP increased its stake in shares of DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after buying an additional 3,717 shares during the period. Summit Securities Group LLC acquired a new position in DHT during the 2nd quarter worth approximately $78,000. Nisa Investment Advisors LLC increased its position in shares of DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of DHT in the 2nd quarter valued at $80,000. Finally, Blue Trust Inc. lifted its position 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 purchasing an additional 7,909 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DHT. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus decreased their target price 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 reiterated a “buy” rating and issued a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Finally, BTIG Research assumed coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, DHT presently has an average rating of “Moderate Buy” and an average target price of $14.50.

DHT Stock Down 2.2 %

Shares of NYSE DHT opened at $9.42 on Monday. The stock has a market cap of $1.52 billion, a PE ratio of 9.42 and a beta of -0.36. DHT Holdings, Inc. has a 52-week low of $9.28 and a 52-week high of $12.80. The business has a 50-day moving average price of $10.76 and a 200 day moving average price of $11.14. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last announced its 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. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same period last year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.34%. DHT’s dividend payout ratio (DPR) is 88.00%.

About DHT

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.