Hosking Partners LLP Has $38.43 Million Position in DHT Holdings, Inc. (NYSE:DHT)

Key Points

• Hosking Partners LLP reduced its stake in DHT Holdings, Inc. by 0.9%, owning 3,659,605 shares after selling 33,878 shares during the first quarter.
• DHT Holdings recently declared a quarterly dividend of $0.24 per share, increasing the annualized yield to 8.4% from its previous dividend of $0.17.
• Research analysts maintain a consensus rating of "Moderate Buy" for DHT, with a price target of $12.94.

Hosking Partners LLP decreased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,659,605 shares of the shipping company's stock after selling 33,878 shares during the period. DHT makes up approximately 1.6% of Hosking Partners LLP's holdings, making the stock its 19th biggest position. Hosking Partners LLP owned 2.28% of DHT worth $38,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DHT. DME Capital Management LP boosted its holdings in shares of DHT by 20.8% in the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after acquiring an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in DHT in the 4th quarter worth approximately $8,126,000. Raymond James Financial Inc. bought a new position in shares of DHT during the 4th quarter valued at $4,148,000. Shell Asset Management Co. bought a new position in shares of DHT during the 4th quarter valued at $3,319,000. Finally, Marshall Wace LLP raised its holdings in shares of DHT by 115.6% during the 4th quarter. Marshall Wace LLP now owns 492,563 shares of the shipping company's stock valued at $4,576,000 after purchasing an additional 264,103 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 target price on shares of DHT in a research note on Thursday, August 7th. Evercore ISI reduced their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Trading Up 0.8%

NYSE DHT traded up $0.10 during trading hours on Wednesday, hitting $11.35. The company's stock had a trading volume of 480,343 shares, compared to its average volume of 1,768,450. The stock has a fifty day moving average of $11.29 and a 200 day moving average of $10.99. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.32. The firm has a market capitalization of $1.82 billion, a P/E ratio of 9.61 and a beta of 0.02. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The firm had revenue of $92.80 million during the quarter, compared to the consensus estimate of $95.41 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business's quarterly revenue was down 10.5% on a year-over-year basis. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 18th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, August 18th. This is a positive change from DHT's previous quarterly dividend of $0.17. This represents a $0.96 annualized dividend and a yield of 8.5%. DHT's dividend payout ratio is currently 50.85%.

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.