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

LSV Asset Management lessened its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,166,612 shares of the shipping company's stock after selling 134,188 shares during the quarter. LSV Asset Management owned 0.72% of DHT worth $12,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of DHT by 33.2% during the fourth quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock valued at $4,078,000 after buying an additional 109,376 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of DHT during the first quarter valued at about $112,000. GAMMA Investing LLC grew its stake in shares of DHT by 1,805.5% in the first quarter. GAMMA Investing LLC now owns 25,095 shares of the shipping company's stock worth $263,000 after purchasing an additional 23,778 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of DHT in the first quarter worth about $465,000. Finally, Millennium Management LLC grew its stake in shares of DHT by 129.6% in the fourth quarter. Millennium Management LLC now owns 69,507 shares of the shipping company's stock worth $646,000 after purchasing an additional 39,231 shares during the last quarter. Institutional investors own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI cut their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Stock Up 3.2%

DHT traded up $0.36 on Tuesday, hitting $11.76. The company had a trading volume of 1,427,758 shares, compared to its average volume of 1,197,994. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.59 and a quick ratio of 1.29. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.32. The stock has a fifty day simple moving average of $11.30 and a 200-day simple moving average of $10.97. The firm has a market capitalization of $1.89 billion, a P/E ratio of 10.69 and a beta of 0.02.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a net margin of 32.87% and a return on equity of 17.08%. The business had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. During the same period last year, the business posted $0.29 earnings per share. DHT's quarterly revenue was down 25.4% compared to the same quarter last year. As a group, equities analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were issued a $0.15 dividend. The ex-dividend date was Wednesday, May 21st. This represents a yield of 510.0%. DHT's dividend payout ratio (DPR) is 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.