Sei Investments Co. Sells 41,336 Shares of DHT Holdings, Inc. (NYSE:DHT)

Sei Investments Co. lessened its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 53.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,375 shares of the shipping company's stock after selling 41,336 shares during the period. Sei Investments Co.'s holdings in DHT were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. American Century Companies Inc. increased its position in DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock worth $37,658,000 after purchasing an additional 468,281 shares during the period. Victory Capital Management Inc. raised its stake in shares of DHT by 1,367.3% during the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after buying an additional 469,528 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of DHT during the 4th quarter valued at $4,148,000. Congress Asset Management Co. lifted its stake in shares of DHT by 4.4% in the 4th quarter. Congress Asset Management Co. now owns 433,059 shares of the shipping company's stock valued at $4,023,000 after purchasing an additional 18,431 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of DHT in the 4th quarter worth $2,835,000. 58.53% of the stock is owned by institutional investors.

DHT Trading Up 1.3 %

DHT stock traded up $0.13 during mid-day trading on Wednesday, hitting $10.01. 91,561 shares of the company's stock were exchanged, compared to its average volume of 1,861,765. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. 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 firm has a market capitalization of $1.61 billion, a P/E ratio of 8.92 and a beta of -0.06. The company's 50 day simple moving average is $10.57 and its 200-day simple moving average is $10.46.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. On average, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.80%. DHT's dividend payout ratio is currently 60.71%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their price objective on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.68.

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.