DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 37.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 454,647 shares of the shipping company's stock after purchasing an additional 123,599 shares during the period. JPMorgan Chase & Co. owned about 0.28% of DHT worth $4,224,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of DHT during the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. purchased a new position in shares of DHT during the 4th quarter valued at $108,000. Ieq Capital LLC purchased a new stake in DHT during the 4th quarter worth about $116,000. Cibc World Markets Corp purchased a new stake in shares of DHT in the 4th quarter valued at about $117,000. Finally, Sanctuary Advisors LLC bought a new position in shares of DHT during the 3rd quarter valued at about $134,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Trading Up 0.5 %

Shares of NYSE:DHT traded up $0.06 during trading on Thursday, reaching $10.33. 176,359 shares of the company were exchanged, compared to its average volume of 1,873,191. The firm has a market capitalization of $1.67 billion, a PE ratio of 9.23 and a beta of -0.06. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The business's fifty day simple moving average is $10.45 and its 200-day simple moving average is $10.41.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data 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%. On average, research 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. Stockholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio is presently 60.71%.

Analyst Ratings Changes

Several equities research analysts recently commented on DHT shares. Evercore ISI dropped their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday. Jefferies Financial Group boosted their price objective on shares of DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.74.

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.