DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,870 shares of the shipping company’s stock after purchasing an additional 4,000 shares during the quarter. Franklin Resources Inc.’s holdings in DHT were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHT. Quarry LP raised its holdings in DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after purchasing an additional 3,717 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in DHT during the 3rd quarter worth $50,000. Nisa Investment Advisors LLC lifted its position in DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 2,361 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in DHT in the second quarter valued at $80,000. Finally, Soros Fund Management LLC acquired a new stake in shares of DHT during the third quarter worth about $114,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHT has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Jefferies Financial Group reiterated a “buy” rating and set 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 research note on Friday, September 27th. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.54.

DHT Stock Down 0.6 %

DHT opened at $9.18 on Tuesday. 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 12 month low of $8.67 and a 12 month high of $12.80. The stock has a market capitalization of $1.48 billion, a P/E ratio of 9.18 and a beta of -0.37. The business has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $10.73.

DHT (NYSE:DHT) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The company had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same quarter last year, the company earned $0.19 earnings per share. DHT’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal 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 yield of 9.59%. DHT’s payout ratio is currently 88.00%.

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.