Navellier & Associates Inc. Has $282,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

Navellier & Associates Inc. lessened its stake in DHT Holdings, Inc. (NYSE:DHT) by 33.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,535 shares of the shipping company’s stock after selling 12,933 shares during the quarter. Navellier & Associates Inc.’s holdings in DHT were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DHT. Acadian Asset Management LLC boosted its holdings in DHT by 43.8% during the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock worth $39,184,000 after purchasing an additional 1,032,832 shares during the last quarter. American Century Companies Inc. boosted its holdings in DHT by 43.8% during the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after purchasing an additional 873,356 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in DHT by 1,144.6% during the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after purchasing an additional 624,266 shares during the last quarter. Raymond James & Associates acquired a new position in DHT during the third quarter worth $5,004,000. Finally, TrueMark Investments LLC acquired a new position in DHT during the second quarter worth $4,371,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DHT shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus dropped their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research started coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. Finally, StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.50.

DHT Price Performance

Shares of DHT opened at $10.23 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of 10.23 and a beta of -0.36. The company’s 50-day moving average is $10.92 and its 200-day moving average is $11.24. DHT Holdings, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts forecast that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date is Friday, November 22nd. DHT’s dividend payout ratio is 108.00%.

About DHT

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.