Dimensional Fund Advisors LP Increases Stock Position in DHT Holdings, Inc. (NYSE:DHT)

Dimensional Fund Advisors LP raised its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,361,401 shares of the shipping company's stock after purchasing an additional 76,464 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.21% of DHT worth $131,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DHT. Allspring Global Investments Holdings LLC increased its position in shares of DHT by 45.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company's stock worth $95,000 after buying an additional 2,882 shares during the period. Nisa Investment Advisors LLC grew its holdings in DHT by 34,636.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 38,210 shares of the shipping company's stock worth $394,000 after acquiring an additional 38,100 shares during the period. Principal Financial Group Inc. raised its position in shares of DHT by 39.3% in the 3rd quarter. Principal Financial Group Inc. now owns 20,299 shares of the shipping company's stock worth $209,000 after acquiring an additional 5,725 shares in the last quarter. LSV Asset Management lifted its stake in shares of DHT by 18,647.9% in the 3rd quarter. LSV Asset Management now owns 1,218,614 shares of the shipping company's stock valued at $12,552,000 after purchasing an additional 1,212,114 shares during the period. Finally, Jackson Creek Investment Advisors LLC bought a new stake in shares of DHT during the 3rd quarter valued at about $1,032,000. Institutional investors own 58.53% of the company's stock.

DHT Stock Down 1.2 %

DHT stock traded down $0.15 during mid-day trading on Friday, reaching $12.49. The stock had a trading volume of 1,411,918 shares, compared to its average volume of 1,676,266. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 3.54. DHT Holdings, Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $12.67. The stock's 50-day simple moving average is $11.51 and its 200-day simple moving average is $10.90. The firm has a market capitalization of $2.02 billion, a PE ratio of 11.90 and a beta of -0.34.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). DHT had a net margin of 29.58% and a return on equity of 16.36%. The business had revenue of $106.30 million during the quarter, compared to analyst estimates of $106.87 million. During the same period in the previous year, the business posted $0.23 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts forecast that DHT Holdings, Inc. will post 1.49 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date is Thursday, May 23rd. This is a positive change from DHT's previous quarterly dividend of $0.22. DHT's dividend payout ratio is currently 83.81%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHT. Jefferies Financial Group upgraded DHT from a "hold" rating to a "buy" rating and lifted their target price for the stock from $11.00 to $14.00 in a report on Thursday, March 21st. Truist Financial lifted their price objective on shares of DHT from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Stifel Nicolaus reissued a "hold" rating and set a $12.00 target price on shares of DHT in a research note on Wednesday. Finally, TheStreet upgraded shares of DHT from a "c+" rating to a "b-" rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.33.

DHT 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.