DHT Holdings, Inc. (NYSE:DHT) Stake Reduced by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 22.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 214,485 shares of the shipping company's stock after selling 60,988 shares during the period. Rhumbline Advisers owned 0.13% of DHT worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after purchasing an additional 1,265 shares during the period. Vident Advisory LLC boosted its stake in DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company's stock worth $495,000 after buying an additional 1,665 shares during the last quarter. Franklin Resources Inc. grew its holdings in DHT by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock valued at $498,000 after buying an additional 1,740 shares during the period. EP Wealth Advisors LLC increased its stake in shares of DHT by 9.1% during the 4th quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company's stock valued at $243,000 after acquiring an additional 2,177 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of DHT by 0.4% during the 4th quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock worth $5,134,000 after acquiring an additional 2,277 shares during the period. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Performance

Shares of DHT traded down $0.23 during midday trading on Friday, hitting $11.76. 1,151,117 shares of the stock traded hands, compared to its average volume of 1,892,289. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.59. The business's 50 day moving average price is $11.17 and its two-hundred day moving average price is $10.63. The firm has a market capitalization of $1.89 billion, a PE ratio of 10.70 and a beta of 0.07. 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 issued its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.08% and a net margin of 32.87%. The business had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business's revenue was down 25.4% on a year-over-year basis. Equities research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Dividend Announcement

The business also recently declared 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 dividend yield of 5.1%. DHT's dividend payout ratio (DPR) is 54.55%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DHT shares. 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 dropped their price target 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.