Victory Capital Management Inc. Boosts Holdings in DHT Holdings, Inc. (NYSE:DHT)

Key Points

• Victory Capital Management Inc. has increased its stake in DHT Holdings, Inc. by 5.5%, now owning approximately 0.33% of the company, equivalent to $5,581,000.
• DHT Holdings announced a quarterly earnings report showing an EPS of $0.27, surpassing analysts' expectations of $0.15, despite revenue falling 25.4% year-over-year.
• The firm declared a dividend of $0.15, resulting in a dividend yield of 5.1%, with a payout ratio of 54.55% as of the last payment date.

Victory Capital Management Inc. raised its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,531 shares of the shipping company's stock after acquiring an additional 27,662 shares during the period. Victory Capital Management Inc. owned approximately 0.33% of DHT worth $5,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 worth $26,000 after buying an additional 1,265 shares during the period. CWM LLC lifted its stake in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company's stock worth $32,000 after acquiring an additional 2,116 shares during the last quarter. Banque Transatlantique SA purchased a new position in DHT during the 4th quarter valued at $37,000. Finally, Sterling Capital Management LLC grew its position in DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after acquiring an additional 3,856 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DHT. Evercore ISI decreased their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and set a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Three 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Stock Down 0.8%

DHT stock traded down $0.09 on Wednesday, hitting $11.20. 1,898,607 shares of the company's stock were exchanged, compared to its average volume of 1,091,928. The firm has a 50 day moving average price of $11.33 and a two-hundred day moving average price of $10.96. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32. The stock has a market cap of $1.80 billion, a P/E ratio of 10.18 and a beta of 0.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.59.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly 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. 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 quarter last year, the company earned $0.29 earnings per share. The company's quarterly revenue was down 25.4% on a year-over-year basis. As a group, equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

The business also recently announced 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. This represents a yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT's dividend payout ratio is presently 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.