DHT Holdings, Inc. (NYSE:DHT) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,946 shares of the shipping company's stock after selling 58,764 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.06% of DHT worth $919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after buying an additional 1,265 shares during the last quarter. Spire Wealth Management purchased a new position in DHT during the fourth quarter valued at approximately $36,000. Banque Transatlantique SA acquired a new position in DHT in the fourth quarter valued at approximately $37,000. Sterling Capital Management LLC boosted 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 worth $40,000 after purchasing an additional 3,856 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in DHT in the 4th quarter worth approximately $71,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Trading Down 1.0%

Shares of DHT traded down $0.12 during midday trading on Tuesday, reaching $11.71. The company had a trading volume of 1,025,428 shares, compared to its average volume of 1,859,109. The firm has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $10.41. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.88 billion, a PE ratio of 10.46 and a beta of -0.06. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $79.34 million during 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 business's revenue was down 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Research analysts forecast 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 will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 21st. This represents a yield of 5.1%. DHT's dividend payout ratio (DPR) is 54.55%.

Wall Street Analysts Forecast Growth

DHT has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target 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. Jefferies Financial Group restated a "buy" rating and set a $15.00 target price 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.94.

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.