Dimensional Fund Advisors LP Reduces Stock Position in DHT Holdings, Inc. $DHT

Key Points

• Dimensional Fund Advisors LP reduced its stake in DHT Holdings by 4.5%, now owning approximately 11.15 million shares worth around $117 million.
• DHT Holdings recently announced an increase in its quarterly dividend to $0.24 per share, reflecting a dividend yield of 8.3%.
• Analysts have set an average target price of $12.94 for DHT stock, with a "Moderate Buy" rating based on recent evaluations.

Dimensional Fund Advisors LP lowered its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,150,653 shares of the shipping company's stock after selling 530,688 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.94% of DHT worth $117,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hohimer Wealth Management LLC increased its stake in shares of DHT by 5.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 17,951 shares of the shipping company's stock worth $188,000 after purchasing an additional 961 shares in the last quarter. GAMMA Investing LLC increased its position in DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after buying an additional 1,073 shares in the last quarter. Earned Wealth Advisors LLC increased its position in DHT by 11.3% in the first quarter. Earned Wealth Advisors LLC now owns 11,129 shares of the shipping company's stock worth $117,000 after buying an additional 1,129 shares in the last quarter. Tower Research Capital LLC TRC increased its position in 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 buying an additional 1,265 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in DHT by 26.7% in the first quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company's stock worth $70,000 after buying an additional 1,400 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

NYSE DHT traded up $0.19 during trading on Wednesday, hitting $11.61. 500,796 shares of the stock traded hands, compared to its average volume of 1,743,055. The firm has a 50-day simple moving average of $11.22 and a 200-day simple moving average of $10.98. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.86 billion, a P/E ratio of 9.83 and a beta of 0.02.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $95.41 million. During the same period last year, the company posted $0.27 EPS. The business's revenue was down 10.5% on a year-over-year basis. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a $0.24 dividend. This is a positive change from DHT's previous quarterly dividend of $0.17. The ex-dividend date was 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 presently 81.36%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DHT. Zacks Research raised shares of DHT to a "hold" rating in a report on Monday, August 11th. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price objective on shares of DHT in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.94.

About DHT

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.