DHT Holdings, Inc. (NYSE:DHT) Shares Sold by GoalVest Advisory LLC

GoalVest Advisory LLC cut its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,505 shares of the shipping company’s stock after selling 15,530 shares during the period. GoalVest Advisory LLC owned about 0.05% of DHT worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DHT. Clear Harbor Asset Management LLC purchased a new stake in shares of DHT during the fourth quarter worth $154,000. Principal Financial Group Inc. grew its stake in shares of DHT by 21.0% during the third quarter. Principal Financial Group Inc. now owns 98,565 shares of the shipping company’s stock worth $1,087,000 after purchasing an additional 17,094 shares in the last quarter. Franklin Resources Inc. increased its stake in DHT by 8.4% in the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after purchasing an additional 4,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of DHT during the third quarter worth about $134,000. Finally, Virtu Financial LLC acquired a new position in DHT in the third quarter valued at $149,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Up 3.8 %

Shares of NYSE:DHT opened at $10.70 on Thursday. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The company has a market cap of $1.73 billion, a PE ratio of 10.70 and a beta of -0.38. The firm has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $10.59.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm had revenue of $92.64 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is presently 88.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Fearnley Fonds raised DHT to a “strong-buy” rating in a research note on Friday, September 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. 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 research report on Thursday, December 12th. Stifel Nicolaus lowered their price target on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.54.

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.