MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 99,197 Shares of DHT Holdings, Inc. (NYSE:DHT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 986,793 shares of the shipping company's stock after buying an additional 99,197 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.61% of DHT worth $9,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. DME Capital Management LP grew its position in shares of DHT by 20.8% in the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after purchasing an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of DHT in the fourth quarter valued at $8,126,000. Victory Capital Management Inc. grew its position in shares of DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after purchasing an additional 469,528 shares in the last quarter. American Century Companies Inc. grew its position in shares of DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after purchasing an additional 468,281 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of DHT in the fourth quarter valued at $4,148,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

DHT stock traded down $0.25 during midday trading on Thursday, hitting $11.31. 321,906 shares of the company's stock were exchanged, compared to its average volume of 1,850,646. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.64. The stock has a 50-day moving average price of $10.66 and a two-hundred day moving average price of $10.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The company has a market cap of $1.82 billion, a P/E ratio of 10.10 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. The business had revenue of $79.34 million during the quarter, compared to analysts' expectations of $84.00 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm's revenue was down 25.4% on a year-over-year basis. On average, equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd will be given a dividend of $0.15 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 21st. DHT's payout ratio is 54.55%.

Analyst Upgrades and Downgrades

DHT has been the subject of several recent research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI reduced their price target on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, DHT has a consensus rating of "Moderate Buy" and an average target price of $12.94.

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.