American Century Companies Inc. Purchases 873,356 Shares of DHT Holdings, Inc. (NYSE:DHT)

American Century Companies Inc. lifted its position in DHT Holdings, Inc. (NYSE:DHT) by 43.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,868,023 shares of the shipping company’s stock after purchasing an additional 873,356 shares during the quarter. American Century Companies Inc. owned 1.78% of DHT worth $33,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in shares of DHT in the 1st quarter valued at $51,000. Summit Securities Group LLC acquired a new position in DHT in the second quarter worth about $78,000. Blue Trust Inc. lifted its stake in DHT by 41,626.3% during the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock worth $91,000 after purchasing an additional 7,909 shares during the period. Simplicity Wealth LLC acquired a new stake in DHT during the first quarter valued at approximately $129,000. Finally, Lazard Asset Management LLC grew its stake in shares of DHT by 79.6% in the 1st quarter. Lazard Asset Management LLC now owns 12,522 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 5,549 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Trading Up 0.1 %

Shares of DHT opened at $11.19 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 10.65 and a beta of -0.36. The stock has a fifty day moving average price of $11.03 and a two-hundred day moving average price of $11.38. DHT Holdings, Inc. has a 52-week low of $9.05 and a 52-week high of $12.80.

DHT (NYSE:DHT) last released its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The business had revenue of $103.70 million during the quarter, compared to the consensus estimate of $102.75 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. Analysts predict that DHT Holdings, Inc. will post 1.14 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.08 annualized dividend and a dividend yield of 9.66%. DHT’s dividend payout ratio (DPR) is currently 102.86%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus boosted their price target on DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.67.

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.