GoalVest Advisory LLC Sells 15,530 Shares of DHT Holdings, Inc. (NYSE:DHT)

GoalVest Advisory LLC decreased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 88,505 shares of the shipping company’s stock after selling 15,530 shares during the quarter. GoalVest Advisory LLC’s holdings in DHT were worth $822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP bought a new position in DHT in the third quarter valued at approximately $55,472,000. FMR LLC boosted its position in shares of 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 period. International Assets Investment Management LLC grew its position in shares of DHT by 1,144.6% during the 3rd 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 in the last quarter. Raymond James & Associates bought a new stake in shares of DHT during the 3rd quarter valued at $5,004,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of DHT by 194.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 562,743 shares of the shipping company’s stock valued at $6,511,000 after buying an additional 371,420 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

DHT Price Performance

DHT opened at $10.70 on Thursday. 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 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $9.84 and a 200-day moving average price of $10.59. The stock has a market capitalization of $1.73 billion, a P/E ratio of 10.70 and a beta of -0.38.

DHT (NYSE:DHT) last announced its quarterly earnings results 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. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business had revenue of $92.64 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter in the prior year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 8.22%. DHT’s payout ratio is 88.00%.

Analyst Ratings Changes

Several brokerages recently commented on DHT. BTIG Research began coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and set a $14.00 target price on shares of DHT in a research report on Wednesday, November 13th. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus reduced their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.54.

DHT Company 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.