DHT Holdings, Inc. (NYSE:DHT) Stock Position Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in DHT Holdings, Inc. (NYSE:DHT) by 81.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,471 shares of the shipping company’s stock after selling 54,822 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in DHT were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in DHT. Spire Wealth Management acquired a new position in DHT in the fourth quarter worth $36,000. Sunbelt Securities Inc. acquired a new position in shares of DHT in the 3rd quarter valued at about $50,000. Nisa Investment Advisors LLC grew its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after buying an additional 2,361 shares during the last quarter. Soros Fund Management LLC acquired a new stake in DHT during the third quarter worth about $114,000. Finally, Ieq Capital LLC acquired a new stake in DHT during the fourth quarter worth about $116,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DHT. Jefferies Financial Group lifted their target price on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, DHT has an average rating of “Moderate Buy” and a consensus price target of $12.68.

DHT Price Performance

Shares of NYSE:DHT opened at $10.36 on Thursday. The firm’s 50 day moving average is $10.65 and its two-hundred day moving average is $10.55. The firm has a market capitalization of $1.67 billion, a P/E ratio of 9.25 and a beta of -0.39. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

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.