Foundry Partners LLC Sells 2,315 Shares of DHT Holdings, Inc. (NYSE:DHT)

Foundry Partners LLC lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,118 shares of the shipping company’s stock after selling 2,315 shares during the quarter. Foundry Partners LLC’s holdings in DHT were worth $289,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in shares of DHT in the 4th quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new stake in DHT during the 3rd quarter worth approximately $50,000. New Age Alpha Advisors LLC bought a new stake in DHT in the 4th quarter valued at $71,000. Soros Fund Management LLC acquired a new position in DHT in the 3rd quarter valued at $114,000. Finally, SBI Securities Co. Ltd. bought a new position in DHT during the 4th quarter worth $108,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DHT. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price target 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. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.68.

DHT Trading Down 5.6 %

Shares of DHT stock opened at $9.44 on Friday. 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 $1.52 billion, a price-to-earnings ratio of 8.43 and a beta of -0.38. The firm’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $10.51. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. On average, analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a $0.17 dividend. 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 7.20%. DHT’s dividend payout ratio (DPR) is currently 60.71%.

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.