International Assets Investment Management LLC Purchases 624,266 Shares of DHT Holdings, Inc. (NYSE:DHT)

International Assets Investment Management LLC increased its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 1,144.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 678,808 shares of the shipping company’s stock after purchasing an additional 624,266 shares during the period. International Assets Investment Management LLC owned 0.42% of DHT worth $7,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHT. Principal Financial Group Inc. increased its holdings in DHT by 330.9% in the 1st quarter. Principal Financial Group Inc. now owns 75,017 shares of the shipping company’s stock valued at $863,000 after acquiring an additional 57,606 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in DHT by 28.9% in the 1st quarter. BNP Paribas Financial Markets now owns 102,270 shares of the shipping company’s stock valued at $1,176,000 after acquiring an additional 22,960 shares during the last quarter. Quantbot Technologies LP bought a new stake in DHT in the 1st quarter valued at $1,323,000. SG Americas Securities LLC bought a new stake in DHT in the 1st quarter valued at $1,602,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in DHT in the 1st quarter valued at $144,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DHT. Stifel Nicolaus reduced their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. BTIG Research assumed coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and an average price target of $14.50.

DHT Price Performance

DHT stock opened at $10.32 on Friday. DHT Holdings, Inc. has a 12 month low of $9.28 and a 12 month high of $12.80. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $10.98 and a 200 day moving average price of $11.35. The stock has a market cap of $1.66 billion, a PE ratio of 10.64 and a beta of -0.36.

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

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors 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 dividend on an annualized basis and a dividend yield of 10.47%. DHT’s dividend payout ratio is presently 111.34%.

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.