Dimensional Fund Advisors LP Sells 146,243 Shares of DHT Holdings, Inc. (NYSE:DHT)

Dimensional Fund Advisors LP reduced its position in DHT Holdings, Inc. (NYSE:DHT) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,901,908 shares of the shipping company’s stock after selling 146,243 shares during the quarter. Dimensional Fund Advisors LP owned 8.00% of DHT worth $149,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Greenlight Capital Inc. raised its holdings in shares of DHT by 86.7% in the fourth quarter. Greenlight Capital Inc. now owns 3,779,880 shares of the shipping company’s stock valued at $37,081,000 after acquiring an additional 1,755,060 shares in the last quarter. Russell Investments Group Ltd. grew its stake in DHT by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 619,634 shares of the shipping company’s stock valued at $7,126,000 after purchasing an additional 49,657 shares during the last quarter. Boston Partners grew its stake in DHT by 74.6% in the first quarter. Boston Partners now owns 163,512 shares of the shipping company’s stock valued at $1,880,000 after purchasing an additional 69,838 shares during the last quarter. SG Americas Securities LLC purchased a new position in DHT in the first quarter valued at about $1,602,000. Finally, M&G Plc purchased a new position in DHT in the first quarter valued at about $16,417,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Stifel Nicolaus boosted 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DHT has an average rating of “Hold” and an average target price of $14.67.

DHT Price Performance

Shares of DHT stock opened at $10.79 on Friday. DHT Holdings, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.28 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The stock’s 50-day simple moving average is $11.05 and its 200-day simple moving average is $11.38.

DHT (NYSE:DHT) last issued its earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. DHT’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, equities analysts forecast that DHT Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were given a $0.27 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 10.01%. DHT’s dividend payout ratio is currently 102.86%.

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.