Pinion Investment Advisors LLC Has $1.17 Million Stock Position in DHT Holdings, Inc. (NYSE:DHT)

Pinion Investment Advisors LLC boosted its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 154.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 111,622 shares of the shipping company's stock after purchasing an additional 67,839 shares during the period. Pinion Investment Advisors LLC owned about 0.07% of DHT worth $1,172,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research firms recently commented on DHT. Jefferies Financial Group reaffirmed a "buy" rating and set a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI lowered their target price on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Price Performance

DHT traded down $0.17 on Wednesday, hitting $11.96. 2,932,039 shares of the stock were exchanged, compared to its average volume of 1,892,162. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.87 and a beta of 0.07. 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 12 month low of $8.67 and a 12 month high of $12.32. The business has a 50-day moving average of $11.09 and a two-hundred day moving average of $10.60.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $79.34 million during the quarter, compared to analysts' expectations of $84.00 million. DHT had a net margin of 32.87% and a return on equity of 17.08%. The business's revenue for the quarter was down 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. Sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 21st. This represents a yield of 5.1%. DHT's dividend payout ratio is currently 54.55%.

DHT Company 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.