DHT Holdings, Inc. $DHT Shares Sold by Monument Capital Management

Monument Capital Management lessened its stake in DHT Holdings, Inc. (NYSE:DHT) by 25.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,127 shares of the shipping company’s stock after selling 5,986 shares during the quarter. Monument Capital Management’s holdings in DHT were worth $185,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DHT. Encompass Capital Advisors LLC acquired a new stake in shares of DHT in the 1st quarter valued at about $19,950,000. Corigliano Investment Advisers LLC bought a new stake in shares of DHT during the 1st quarter valued at about $5,788,000. American Century Companies Inc. grew its position in shares of DHT by 8.7% during the 1st quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company’s stock valued at $46,280,000 after buying an additional 354,074 shares during the last quarter. Nuveen LLC bought a new stake in shares of DHT during the 1st quarter valued at about $3,660,000. Finally, Kettle Hill Capital Management LLC bought a new stake in shares of DHT during the 1st quarter valued at about $3,523,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of DHT in a research report on Thursday, August 7th. Zacks Research raised shares of DHT to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.94.

DHT Price Performance

NYSE DHT opened at $11.42 on Friday. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $13.06. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 9.67 and a beta of 0.01. The company has a 50-day moving average price of $11.85 and a two-hundred day moving average price of $11.30.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The firm had revenue of $92.80 million during the quarter, compared to analysts’ expectations of $95.41 million. During the same quarter in the prior year, the firm earned $0.27 EPS. DHT’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a $0.24 dividend. This is a positive change from DHT’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, August 18th. This represents a $0.96 annualized dividend and a yield of 8.4%. DHT’s payout ratio is currently 81.36%.

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.