Intech Investment Management LLC Increases Position in DHT Holdings, Inc. (NYSE:DHT)

Intech Investment Management LLC boosted its position in DHT Holdings, Inc. (NYSE:DHT) by 51.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,886 shares of the shipping company’s stock after acquiring an additional 28,498 shares during the quarter. Intech Investment Management LLC’s holdings in DHT were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DHT. Pekin Hardy Strauss Inc. boosted its holdings in shares of DHT by 1.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock worth $761,000 after purchasing an additional 1,000 shares in the last quarter. Stifel Financial Corp lifted its position in DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after buying an additional 1,514 shares during the last quarter. Spire Wealth Management purchased a new stake in DHT in the fourth quarter worth approximately $36,000. Franklin Resources Inc. grew its position in DHT by 8.4% during the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of DHT by 41.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company’s stock worth $136,000 after acquiring an additional 4,290 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the subject of a number of recent research reports. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. Jefferies Financial Group boosted their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, DHT presently has an average rating of “Moderate Buy” and an average target price of $12.68.

DHT Stock Performance

Shares of DHT stock opened at $10.67 on Monday. The company has a market capitalization of $1.72 billion, a P/E ratio of 9.53 and a beta of -0.38. 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 debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The stock has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $10.53.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.37%. DHT’s payout ratio is presently 60.71%.

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.