American Century Companies Inc. Purchases 468,281 Shares of DHT Holdings, Inc. (NYSE:DHT)

American Century Companies Inc. increased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,053,584 shares of the shipping company’s stock after buying an additional 468,281 shares during the period. American Century Companies Inc.’s holdings in DHT were worth $37,658,000 as of its most recent filing with the Securities & Exchange Commission.

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

DHT Price Performance

DHT opened at $10.54 on Friday. The firm has a 50-day moving average price of $10.87 and a 200-day moving average price of $10.54. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.41 and a beta of -0.38.

DHT (NYSE:DHT) last released 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 net margin of 31.72% and a return on equity of 17.42%. Equities analysts expect that DHT Holdings, Inc. will post 0.94 EPS 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 paid 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 6.45%. DHT’s payout ratio is 60.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DHT. Jefferies Financial Group increased their target price on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.