DHT Holdings, Inc. (NYSE:DHT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,499 shares of the shipping company's stock after selling 31,420 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of DHT worth $1,188,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DHT. International Assets Investment Management LLC increased its holdings in shares of DHT by 4.7% during the 1st quarter. International Assets Investment Management LLC now owns 64,107 shares of the shipping company's stock worth $673,000 after buying an additional 2,900 shares during the last quarter. CENTRAL TRUST Co acquired a new position in shares of DHT in the first quarter worth $170,000. Pinion Investment Advisors LLC grew its stake in shares of DHT by 154.9% in the first quarter. Pinion Investment Advisors LLC now owns 111,622 shares of the shipping company's stock worth $1,172,000 after acquiring an additional 67,839 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of DHT in the first quarter worth $112,000. Finally, GAMMA Investing LLC grew its stake in shares of DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after purchasing an additional 1,073 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI lowered 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 reiterated a "buy" rating and set a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Trading Down 2.3%

Shares of DHT stock opened at $11.12 on Wednesday. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.79 billion, a PE ratio of 10.11 and a beta of 0.05. The company has a 50-day moving average of $11.40 and a two-hundred day moving average of $10.81.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a net margin of 32.87% and a return on equity of 17.08%. The company's quarterly revenue was down 25.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. On average, research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

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

DHT 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.

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