DHT Holdings, Inc. (NYSE:DHT) Holdings Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 79.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,112 shares of the shipping company’s stock after selling 238,810 shares during the period. BNP Paribas Financial Markets’ holdings in DHT were worth $685,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of DHT in the third quarter worth $611,000. Vanguard Group Inc. boosted its position in DHT by 15.2% during the 1st 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 during the period. International Assets Investment Management LLC grew its stake in DHT by 1,144.6% during the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock valued at $7,487,000 after acquiring an additional 624,266 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of DHT in the 3rd quarter valued at about $2,611,000. Finally, Quantbot Technologies LP lifted its position in shares of DHT by 107.4% in the third quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock worth $2,272,000 after purchasing an additional 106,683 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DHT. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research report on Thursday. BTIG Research began coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. 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. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Fearnley Fonds raised DHT to a “strong-buy” rating in a research note on Friday, September 27th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, DHT presently has an average rating of “Moderate Buy” and a consensus target price of $13.54.

DHT Stock Performance

Shares of DHT stock opened at $8.93 on Friday. The stock has a market capitalization of $1.44 billion, a PE ratio of 8.93 and a beta of -0.37. The business’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $10.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. DHT Holdings, Inc. has a one year low of $8.69 and a one year high of $12.80.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.86%. DHT’s dividend payout ratio is currently 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.