Charles Schwab Investment Management Inc. Reduces Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Charles Schwab Investment Management Inc. lowered its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 27.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 724,540 shares of the shipping company’s stock after selling 269,465 shares during the period. Charles Schwab Investment Management Inc. owned 0.45% of DHT worth $7,992,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of DHT by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after purchasing an additional 1,172 shares during the period. MQS Management LLC lifted its holdings in shares of DHT by 7.3% during the second quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock valued at $283,000 after purchasing an additional 1,662 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of DHT by 52.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the last quarter. Pinion Investment Advisors LLC increased its position in shares of DHT by 6.3% during the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company’s stock valued at $540,000 after acquiring an additional 2,773 shares in the last quarter. Finally, Quarry LP increased its position in shares of DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after acquiring an additional 3,717 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DHT. BTIG Research initiated coverage on shares of DHT in a research note on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Stifel Nicolaus dropped their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Two research 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’s stock. According to MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

DHT Trading Down 1.7 %

Shares of DHT stock opened at $9.36 on Wednesday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.36 and a beta of -0.37. DHT Holdings, Inc. has a 12-month low of $9.23 and a 12-month high of $12.80. The firm’s 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $10.99. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. Analysts predict that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.41%. DHT’s dividend payout ratio (DPR) is 88.00%.

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.