Dimensional Fund Advisors LP Sells 619,469 Shares of DHT Holdings, Inc. (NYSE:DHT)

Dimensional Fund Advisors LP reduced its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,681,341 shares of the shipping company's stock after selling 619,469 shares during the period. Dimensional Fund Advisors LP owned 7.24% of DHT worth $108,518,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock valued at $2,083,000 after purchasing an additional 131,551 shares during the period. Raymond James Financial Inc. bought a new stake in DHT in the fourth quarter valued at $4,148,000. Allspring Global Investments Holdings LLC acquired a new position in shares of DHT during the fourth quarter valued at $1,387,000. Victory Capital Management Inc. grew its position in shares of DHT by 1,367.3% during the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after acquiring an additional 469,528 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of DHT in the 3rd quarter worth about $134,000. 58.53% of the stock is owned by institutional investors.

DHT Price Performance

Shares of NYSE DHT traded up $0.08 during mid-day trading on Friday, reaching $10.79. 224,228 shares of the company traded hands, compared to its average volume of 1,875,404. 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 firm has a market cap of $1.74 billion, a PE ratio of 9.63 and a beta of -0.06. The stock has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $10.36. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.31%. DHT's payout ratio is 60.71%.

Analyst Ratings Changes

A number of research firms have issued reports on DHT. Evercore ISI reduced their target price on shares of DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group raised their target price on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.