Arrowstreet Capital Limited Partnership Sells 198,701 Shares of DHT Holdings, Inc. $DHT

Arrowstreet Capital Limited Partnership lowered its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 11.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,563,469 shares of the shipping company’s stock after selling 198,701 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in DHT were worth $16,901,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DHT. Virtu Financial LLC acquired a new stake in shares of DHT in the first quarter valued at approximately $130,000. Nuveen LLC bought a new stake in DHT in the 1st quarter valued at $3,660,000. Fox Run Management L.L.C. acquired a new stake in DHT during the 1st quarter valued at $506,000. Ethic Inc. boosted its position in DHT by 8.0% during the first quarter. Ethic Inc. now owns 56,077 shares of the shipping company’s stock worth $592,000 after purchasing an additional 4,147 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of DHT by 8.7% in the first quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company’s stock valued at $46,280,000 after purchasing an additional 354,074 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Trading Up 0.3%

Shares of DHT stock opened at $12.80 on Tuesday. The stock has a market cap of $2.06 billion, a P/E ratio of 10.32 and a beta of -0.08. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $13.85. The company has a current ratio of 2.41, a quick ratio of 2.02 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $12.66 and a 200 day simple moving average of $11.95.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. DHT had a return on equity of 17.05% and a net margin of 41.17%.The firm had revenue of $107.35 million for the quarter, compared to analyst estimates of $78.83 million. During the same quarter last year, the company earned $0.22 EPS. The company’s revenue was down 14.6% on a year-over-year basis. On average, research analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, November 12th. DHT’s dividend payout ratio (DPR) is currently 58.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DHT. Wall Street Zen raised shares of DHT from a “hold” rating to a “buy” rating in a research report on Monday, December 1st. Zacks Research raised shares of DHT to a “hold” rating in a report on Monday, August 11th. Jefferies Financial Group restated a “buy” rating and set a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Finally, Evercore ISI increased their target price on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.18.

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.