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

Jacobs Levy Equity Management Inc. trimmed its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,946 shares of the shipping company's stock after selling 58,764 shares during the period. Jacobs Levy Equity Management Inc. owned 0.06% of DHT worth $919,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gotham Asset Management LLC purchased a new position in DHT during the fourth quarter valued at $554,000. Graham Capital Management L.P. purchased a new position in DHT during the fourth quarter valued at $345,000. Ellevest Inc. lifted its holdings in DHT by 17.0% during the fourth quarter. Ellevest Inc. now owns 46,830 shares of the shipping company's stock valued at $435,000 after purchasing an additional 6,808 shares in the last quarter. Ethic Inc. lifted its holdings in DHT by 41.4% during the fourth quarter. Ethic Inc. now owns 51,930 shares of the shipping company's stock valued at $482,000 after purchasing an additional 15,207 shares in the last quarter. Finally, DME Capital Management LP lifted its holdings in DHT by 20.8% during 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 purchasing an additional 902,704 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHT. Jefferies Financial Group reaffirmed a "buy" rating and set a $15.00 price objective on shares of DHT in a report on Wednesday, May 7th. Evercore ISI decreased their price objective 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, DHT presently has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Price Performance

Shares of NYSE:DHT traded down $0.25 during midday trading on Thursday, hitting $11.31. The company's stock had a trading volume of 321,906 shares, compared to its average volume of 1,850,646. The business's 50 day simple moving average is $10.66 and its 200 day simple moving average is $10.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The company has a market cap of $1.82 billion, a P/E ratio of 10.10 and a beta of -0.06. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.64.

DHT (NYSE:DHT - Get Free Report) last posted 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. The firm had revenue of $79.34 million for 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 company's revenue for the quarter was down 25.4% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. On average, analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd will be given a dividend of $0.15 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 21st. DHT's 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.