Allspring Global Investments Holdings LLC decreased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 21.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,499 shares of the shipping company's stock after selling 31,420 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of DHT worth $1,188,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in 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 purchasing an additional 1,265 shares during the last quarter. Banque Transatlantique SA acquired a new stake in DHT during the 4th quarter valued at $37,000. Sterling Capital Management LLC lifted its holdings in DHT by 822.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after purchasing an additional 3,856 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in DHT during the 4th quarter valued at $71,000. Institutional investors and hedge funds own 58.53% of the company's stock.
DHT Stock Performance
Shares of DHT stock traded up $0.16 during trading on Friday, reaching $11.19. The company's stock had a trading volume of 1,095,808 shares, compared to its average volume of 1,849,618. The business's 50-day moving average price is $11.41 and its 200-day moving average price is $10.85. The firm has a market cap of $1.80 billion, a PE ratio of 10.17 and a beta of 0.05. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.32. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 0.27.
DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. DHT had a return on equity of 17.08% and a net margin of 32.87%. The company had revenue of $79.34 million for the quarter, compared to analysts' expectations of $84.00 million. During the same quarter last year, the business earned $0.29 earnings per share. DHT's revenue was down 25.4% on a year-over-year basis. Equities analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.
DHT Dividend Announcement
The business also recently declared a dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd were given a $0.15 dividend. This represents a dividend yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT's payout ratio is currently 54.55%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Evercore ISI cut their price target on DHT from $14.00 to $13.00 and set an "outperform" rating for the company 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 report on Wednesday, May 7th. Three research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.94.
View Our Latest Stock Report on DHT
DHT Company Profile
(
Free Report)
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.
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