Pinion Investment Advisors LLC Sells 9,802 Shares of DHT Holdings, Inc. (NYSE:DHT)

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

A number of other large investors also recently made changes to their positions in the company. FMR LLC boosted its stake in DHT by 10.0% in the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. Wasatch Advisors LP purchased a new position in DHT during the third quarter worth about $55,472,000. Two Sigma Advisers LP increased its position in shares of DHT by 15.7% in the third quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock worth $23,194,000 after purchasing an additional 284,900 shares during the last quarter. M&G PLC lifted its holdings in shares of DHT by 1.4% during the 3rd quarter. M&G PLC now owns 1,204,231 shares of the shipping company’s stock worth $13,247,000 after acquiring an additional 16,736 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in DHT by 4.4% during the fourth quarter. Congress Asset Management Co. now owns 433,059 shares of the shipping company’s stock worth $4,023,000 after purchasing an additional 18,431 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

DHT Stock Up 0.7 %

Shares of DHT stock opened at $10.41 on Tuesday. The company has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.56. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. 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 $1.68 billion, a P/E ratio of 9.29 and a beta of -0.39.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating 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, research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s payout ratio is 60.71%.

Wall Street Analysts Forecast Growth

DHT has been the subject of several recent research reports. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research note on Thursday, December 12th. Jefferies Financial Group boosted their target price on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded 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, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, DHT has a consensus rating of “Moderate Buy” and a consensus 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.