Pinion Investment Advisors LLC Lowers Stake in DHT Holdings, Inc. (NYSE:DHT)

Pinion Investment Advisors LLC lessened its holdings in DHT Holdings, Inc. (NYSE:DHT) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,783 shares of the shipping company’s stock after selling 9,802 shares during the period. Pinion Investment Advisors LLC’s holdings in DHT were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DHT. Intech Investment Management LLC acquired a new position in shares of DHT during the 3rd quarter worth approximately $611,000. Barclays PLC increased its holdings in DHT by 229.4% in the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock worth $2,083,000 after acquiring an additional 131,551 shares in the last quarter. Quantbot Technologies LP raised its position in DHT by 107.4% during the third quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock worth $2,272,000 after acquiring an additional 106,683 shares during the period. Kingsview Wealth Management LLC purchased a new position in DHT during the third quarter valued at $2,611,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of DHT in the fourth quarter valued at about $1,387,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Up 0.7 %

Shares of NYSE DHT opened at $10.41 on Tuesday. The company has a market capitalization of $1.68 billion, a P/E ratio of 9.29 and a beta of -0.39. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The company has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $10.56.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts predict 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 dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.53%. DHT’s payout ratio is currently 60.71%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upped their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.68.

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.