Navellier & Associates Inc. Sells 14,175 Shares of DHT Holdings, Inc. (NYSE:DHT)

Navellier & Associates Inc. trimmed its position in DHT Holdings, Inc. (NYSE:DHT) by 55.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,360 shares of the shipping company’s stock after selling 14,175 shares during the period. Navellier & Associates Inc.’s holdings in DHT were worth $106,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Dividend Assets Capital LLC lifted its stake in shares of DHT by 12.6% in the 4th quarter. Dividend Assets Capital LLC now owns 68,964 shares of the shipping company’s stock valued at $641,000 after acquiring an additional 7,699 shares during the last quarter. Ieq Capital LLC bought a new position in DHT during the 4th quarter worth $116,000. Principal Financial Group Inc. raised its position in DHT by 9.5% during the 4th quarter. Principal Financial Group Inc. now owns 107,906 shares of the shipping company’s stock worth $1,002,000 after purchasing an additional 9,341 shares during the last quarter. Congress Asset Management Co. raised its position in DHT by 4.4% during the 4th 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. Finally, Rhumbline Advisers raised its position in DHT by 1.6% during the 4th quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock worth $2,559,000 after purchasing an additional 4,454 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DHT shares. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research report on Thursday, December 12th. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, 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 report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.68.

DHT Stock Down 1.1 %

DHT opened at $10.84 on Monday. The stock has a market cap of $1.75 billion, a PE ratio of 9.67 and a beta of -0.39. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The business’s fifty day simple moving average is $10.45 and its 200 day simple moving average is $10.58.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping 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%. As a group, research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend is Tuesday, February 18th. DHT’s dividend payout ratio is 60.71%.

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.