LSV Asset Management Lowers Holdings in DHT Holdings, Inc. (NYSE:DHT)

Key Points

• LSV Asset Management reduced its holdings in DHT Holdings, Inc. by 10.3%, decreasing its shares to 1,166,612 after selling 134,188 shares during the first quarter.
• Analysts have mixed views on DHT stock, with Evercore ISI lowering its target price from $14.00 to $13.00 while Jefferies reissued a "buy" rating with a target of $15.00.
• DHT recently declared a $0.15 dividend with a 510.0% yield, highlighting a fairly robust dividend payout ratio of 54.55%.

LSV Asset Management decreased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,166,612 shares of the shipping company's stock after selling 134,188 shares during the period. LSV Asset Management owned about 0.72% of DHT worth $12,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DHT. JPMorgan Chase & Co. boosted its position in shares of DHT by 37.3% during the 4th quarter. JPMorgan Chase & Co. now owns 454,647 shares of the shipping company's stock worth $4,224,000 after purchasing an additional 123,599 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in DHT by 78.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock worth $6,906,000 after buying an additional 327,442 shares in the last quarter. Franklin Resources Inc. grew its position in DHT by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock worth $498,000 after buying an additional 1,740 shares during the period. Geode Capital Management LLC grew its position in DHT by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after buying an additional 5,603 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in DHT by 43.6% in the fourth quarter. Wells Fargo & Company MN now owns 100,829 shares of the shipping company's stock valued at $937,000 after buying an additional 30,600 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group reissued a "buy" rating and set a $15.00 price target on shares of DHT in a research note on Thursday. Evercore ISI reduced their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Price Performance

Shares of DHT traded down $0.34 during mid-day trading on Friday, reaching $11.37. 855,654 shares of the company's stock were exchanged, compared to its average volume of 1,779,637. 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 Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.32. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 9.63 and a beta of 0.02. The company has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $10.98.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $92.80 million during the quarter, compared to analysts' expectations of $95.41 million. DHT had a return on equity of 16.52% and a net margin of 36.58%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, sell-side analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The firm 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 annualized dividend and a yield of 8.4%. DHT's payout ratio is presently 50.85%.

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.