Sei Investments Co. Boosts Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Sei Investments Co. grew its holdings in DHT Holdings, Inc. (NYSE:DHT) by 95.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,779 shares of the shipping company’s stock after acquiring an additional 79,014 shares during the period. Sei Investments Co. owned about 0.10% of DHT worth $1,872,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DHT. Headlands Technologies LLC acquired a new stake in DHT during the 1st quarter valued at $51,000. Summit Securities Group LLC acquired a new stake in DHT during the 2nd quarter valued at $78,000. Blue Trust Inc. grew its holdings in DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after purchasing an additional 7,909 shares in the last quarter. XTX Topco Ltd acquired a new stake in DHT during the 2nd quarter valued at $124,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in DHT during the 1st quarter valued at $144,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Trading Down 1.2 %

Shares of NYSE DHT opened at $11.90 on Friday. The stock’s 50 day moving average price is $11.00 and its two-hundred day moving average price is $11.39. DHT Holdings, Inc. has a 52-week low of $9.28 and a 52-week high of $12.80. The stock has a market capitalization of $1.92 billion, a P/E ratio of 11.33 and a beta of -0.36. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36.

DHT (NYSE:DHT) last announced its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The firm had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. During the same quarter in the previous year, the company earned $0.35 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, analysts anticipate that DHT Holdings, Inc. will post 1.14 earnings per share 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s payout ratio is 102.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DHT. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus increased their price target on shares of DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and an average price target of $14.67.

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.