Hosking Partners LLP Lowers Stake in DHT Holdings, Inc. (NYSE:DHT)

Hosking Partners LLP lessened its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,693,483 shares of the shipping company’s stock after selling 48,516 shares during the quarter. DHT makes up about 1.3% of Hosking Partners LLP’s portfolio, making the stock its 22nd biggest position. Hosking Partners LLP’s holdings in DHT were worth $34,312,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP bought a new stake in DHT during the third quarter valued at about $55,472,000. FMR LLC lifted its position in shares of 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 buying an additional 2,195,916 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of 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 valued at $7,487,000 after buying an additional 624,266 shares in the last quarter. Raymond James & Associates purchased a new position in shares of DHT in the 3rd quarter worth approximately $5,004,000. Finally, Empowered Funds LLC purchased a new position in shares of DHT in the 4th quarter worth approximately $2,835,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Performance

Shares of DHT stock opened at $10.21 on Friday. The business has a fifty day moving average of $10.55 and a 200 day moving average of $10.57. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 9.11 and a beta of -0.39.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping 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 expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.66%. The ex-dividend date was Tuesday, February 18th. DHT’s payout ratio is 60.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DHT shares. Jefferies Financial Group lifted their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Finally, StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.68.

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.