DHT Holdings, Inc. $DHT Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its ownership in DHT Holdings, Inc. by 8.7%, holding approximately 4.41 million shares valued at $46.28 million as of its latest SEC filing.
• DHT has recently announced a quarterly dividend of $0.24 per share, which reflects a notable increase from the previous $0.17 dividend, yielding 9.0% annually.
• While DHT's quarterly earnings per share slightly beat estimates at $0.24, the company posted a year-over-year revenue decline of 10.5%.

American Century Companies Inc. lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,407,658 shares of the shipping company's stock after purchasing an additional 354,074 shares during the period. American Century Companies Inc. owned about 2.74% of DHT worth $46,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DHT. GAMMA Investing LLC lifted its stake in DHT by 81.5% in the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after buying an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after acquiring an additional 1,265 shares during the last quarter. CWM LLC lifted its position in shares of DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company's stock valued at $32,000 after acquiring an additional 2,116 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of DHT during the fourth quarter valued at $37,000. Finally, Sterling Capital Management LLC boosted its stake in shares of 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 during the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DHT. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 target price on shares of DHT in a research note on Thursday, August 7th. Zacks Research upgraded shares of DHT to a "hold" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Trading Down 0.7%

DHT traded down $0.08 during midday trading on Monday, hitting $11.55. The company's stock had a trading volume of 963,934 shares, compared to its average volume of 1,375,839. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.32. The firm has a 50-day moving average price of $11.23 and a two-hundred day moving average price of $10.98. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.86 billion, a P/E ratio of 9.79 and a beta of 0.02.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The business had revenue of $92.80 million for the quarter, compared to analysts' expectations of $95.41 million. During the same period last year, the company earned $0.27 earnings per share. The company's quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 18th will be issued a $0.24 dividend. This is a boost from DHT's previous quarterly dividend of $0.17. The ex-dividend date is Monday, August 18th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.3%. DHT's dividend payout ratio (DPR) is 81.36%.

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.