DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,518,479 shares of the shipping company's stock after buying an additional 24,710 shares during the quarter. Northern Trust Corp owned 0.94% of DHT worth $14,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHT. Victory Capital Management Inc. raised its stake in DHT by 1,367.3% during the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after acquiring an additional 469,528 shares during the period. American Century Companies Inc. raised its position 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 valued at $37,658,000 after buying an additional 468,281 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of DHT during the fourth quarter valued at approximately $4,148,000. Arrowstreet Capital Limited Partnership raised its position in shares of DHT by 78.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock valued at $6,906,000 after buying an additional 327,442 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of DHT during the fourth quarter valued at approximately $2,835,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Trading Up 0.1%

NYSE DHT traded up $0.01 on Wednesday, hitting $11.57. 104,074 shares of the stock were exchanged, compared to its average volume of 1,851,109. 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 stock has a fifty day moving average price of $10.64 and a two-hundred day moving average price of $10.41. The firm has a market capitalization of $1.86 billion, a P/E ratio of 10.33 and a beta of -0.06. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.79.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The firm had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The firm's quarterly revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DHT shares. Jefferies Financial Group reiterated a "buy" rating and set a $15.00 price objective on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI reduced their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.