Intech Investment Management LLC Buys Shares of 55,388 DHT Holdings, Inc. (NYSE:DHT)

Intech Investment Management LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 55,388 shares of the shipping company’s stock, valued at approximately $611,000.

Other large investors have also recently modified their holdings of the company. Boston Partners lifted its stake in DHT by 74.6% during the first quarter. Boston Partners now owns 163,512 shares of the shipping company’s stock worth $1,880,000 after purchasing an additional 69,838 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of DHT by 15.2% during the first quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock worth $11,478,000 after acquiring an additional 132,039 shares in the last quarter. International Assets Investment Management LLC lifted 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 worth $7,487,000 after acquiring an additional 624,266 shares during the last quarter. Millennium Management LLC grew its stake in shares of DHT by 2,728.7% during the second quarter. Millennium Management LLC now owns 321,683 shares of the shipping company’s stock valued at $3,722,000 after buying an additional 310,311 shares during the last quarter. Finally, American Century Companies Inc. grew its position in DHT by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after acquiring an additional 873,356 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DHT shares. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. BTIG Research initiated coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $14.00 target price on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus cut their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.50.

DHT Stock Performance

Shares of DHT stock opened at $9.42 on Friday. The firm has a market capitalization of $1.52 billion, a PE ratio of 9.44 and a beta of -0.36. The company has a 50 day moving average price of $10.76 and a 200-day moving average price of $11.15. DHT Holdings, Inc. has a 52 week low of $9.28 and a 52 week high of $12.80. 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 issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. As a group, equities research analysts expect 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. Shareholders of record on Friday, November 22nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 9.34%. DHT’s dividend payout ratio is currently 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.