International Assets Investment Management LLC Sells 12,079 Shares of DHT Holdings, Inc. $DHT

International Assets Investment Management LLC cut its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,028 shares of the shipping company’s stock after selling 12,079 shares during the period. International Assets Investment Management LLC’s holdings in DHT were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DHT. GAMMA Investing LLC boosted its position in shares of DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock worth $25,000 after buying an additional 1,073 shares during the period. CWM LLC raised its position in DHT by 223.4% in the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after buying an additional 2,116 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in DHT by 344.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 2,450 shares in the last quarter. Harbour Investments Inc. boosted its position in DHT by 26.7% during the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock worth $70,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Xponance Inc. acquired a new position in DHT during the 1st quarter worth approximately $106,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHT has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Zacks Research raised DHT to a “hold” rating in a research report on Monday, August 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price target on shares of DHT in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.18.

DHT Price Performance

NYSE:DHT opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The stock’s 50-day simple moving average is $11.90 and its 200 day simple moving average is $11.37. The company has a market cap of $1.92 billion, a P/E ratio of 10.11 and a beta of 0.01. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $13.06.

DHT (NYSE:DHT) last released its earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $92.80 million for the quarter, compared to the consensus estimate of $95.41 million. DHT had a return on equity of 16.36% and a net margin of 36.58%.DHT’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. As a group, sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a $0.24 dividend. This is an increase from DHT’s previous quarterly dividend of $0.17. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Monday, August 18th. DHT’s dividend payout ratio (DPR) is presently 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.