Quantbot Technologies LP Decreases Stock Position in DHT Holdings, Inc. (NYSE:DHT)

Quantbot Technologies LP reduced its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 50.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,257 shares of the shipping company’s stock after selling 103,714 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of DHT worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of DHT by 7.7% during the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after purchasing an additional 1,514 shares during the last quarter. Spire Wealth Management purchased a new position in DHT during the fourth quarter worth about $36,000. Franklin Resources Inc. lifted 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 worth $588,000 after buying an additional 4,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in DHT by 41.3% in the 4th 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 buying an additional 4,290 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in DHT by 1.6% in the 4th quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock valued at $2,559,000 after buying an additional 4,454 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Price Performance

Shares of NYSE:DHT opened at $10.90 on Wednesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.38. The company has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.53. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-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.

DHT (NYSE:DHT) last announced its earnings results 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%. As a group, analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.24%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is currently 60.71%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DHT. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a report on Thursday, December 12th. Jefferies Financial Group boosted their price objective on shares of DHT from $13.00 to $14.00 and gave the company 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.68.

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.