Charles Schwab Investment Management Inc. Sells 194,939 Shares of DHT Holdings, Inc. (NYSE:DHT)

Charles Schwab Investment Management Inc. cut its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 26.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 529,601 shares of the shipping company’s stock after selling 194,939 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.33% of DHT worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wasatch Advisors LP purchased a new stake in shares of DHT during the third quarter valued at approximately $55,472,000. FMR LLC boosted its position in DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after buying an additional 2,195,916 shares during the period. Empowered Funds LLC purchased a new stake in DHT during the 4th quarter valued at $2,835,000. Two Sigma Advisers LP grew its holdings in DHT by 15.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock worth $23,194,000 after acquiring an additional 284,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of DHT in the fourth quarter valued at about $1,387,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

Shares of DHT opened at $10.90 on Wednesday. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $10.88 and its 200-day moving average price is $10.53. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.38.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share 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%. Sell-side analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.24%. DHT’s payout ratio is 60.71%.

Analyst Ratings Changes

A number of analysts have recently weighed in on DHT shares. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a report on Thursday, December 12th. Jefferies Financial Group increased their price objective on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.68.

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.