Intech Investment Management LLC Buys 28,498 Shares of DHT Holdings, Inc. (NYSE:DHT)

Intech Investment Management LLC raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 51.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,886 shares of the shipping company’s stock after acquiring an additional 28,498 shares during the period. Intech Investment Management LLC owned about 0.05% of DHT worth $779,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in DHT during the fourth quarter worth about $36,000. Sunbelt Securities Inc. bought a new position in shares of DHT during the 3rd quarter worth approximately $50,000. SBI Securities Co. Ltd. purchased a new position in shares of DHT in the 4th quarter worth approximately $108,000. Soros Fund Management LLC bought a new position in shares of DHT in the third quarter valued at approximately $114,000. Finally, Ieq Capital LLC purchased a new stake in shares of DHT during the fourth quarter valued at approximately $116,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

DHT Price Performance

Shares of NYSE:DHT opened at $10.67 on Monday. The company has a 50 day moving average of $10.89 and a 200 day moving average of $10.53. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.72 billion, a P/E ratio of 9.53 and a beta of -0.38. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80.

DHT (NYSE:DHT) last released 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%. As a group, sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

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

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.