DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,374 shares of the shipping company's stock after purchasing an additional 22,949 shares during the period. Bank of America Corp DE owned about 0.15% of DHT worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHT. Tower Research Capital LLC TRC raised its stake in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after buying an additional 1,265 shares during the last quarter. Spire Wealth Management acquired a new stake in DHT during the fourth quarter worth about $36,000. Sterling Capital Management LLC raised its position in DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after acquiring an additional 3,856 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in DHT in the fourth quarter valued at approximately $71,000. Finally, SBI Securities Co. Ltd. acquired a new position in DHT in the fourth quarter valued at approximately $108,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DHT. Evercore ISI lowered their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and set a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.94.

DHT Trading Up 0.7%

Shares of DHT stock traded up $0.08 during mid-day trading on Thursday, hitting $11.58. The stock had a trading volume of 1,236,976 shares, compared to its average volume of 1,880,416. The firm has a 50-day moving average of $10.81 and a two-hundred day moving average of $10.50. The firm has a market cap of $1.86 billion, a P/E ratio of 10.33 and a beta of -0.06. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32.

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

DHT Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were given a $0.15 dividend. This represents a yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT's dividend payout ratio is currently 54.55%.

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.