DHT Holdings, Inc. (NYSE:DHT) Stock Position Lifted by GoalVest Advisory LLC

GoalVest Advisory LLC raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,589 shares of the shipping company's stock after buying an additional 24,084 shares during the period. GoalVest Advisory LLC owned approximately 0.07% of DHT worth $1,182,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. DME Capital Management LP increased its stake in DHT by 20.8% during the 4th quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after buying an additional 902,704 shares during the period. Wasatch Advisors LP increased its stake in DHT by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company's stock valued at $47,167,000 after buying an additional 48,037 shares during the period. American Century Companies Inc. increased its stake in DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after buying an additional 468,281 shares during the period. Geode Capital Management LLC grew its stake in shares of DHT by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after purchasing an additional 5,603 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of DHT by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after purchasing an additional 24,710 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

Wall Street Analyst Weigh In

DHT has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 price objective on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI lowered their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Trading Up 1.8%

Shares of DHT stock traded up $0.21 during trading on Friday, hitting $11.60. The stock had a trading volume of 1,306,083 shares, compared to its average volume of 1,853,158. The stock has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $10.48. The company has a market capitalization of $1.86 billion, a PE ratio of 10.36 and a beta of -0.06. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.32.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. The firm's quarterly revenue was down 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend payout ratio (DPR) is currently 54.55%.

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.