TrueMark Investments LLC Sells 204,816 Shares of DHT Holdings, Inc. (NYSE:DHT)

TrueMark Investments LLC lowered its holdings in DHT Holdings, Inc. (NYSE:DHT) by 52.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,819 shares of the shipping company’s stock after selling 204,816 shares during the quarter. TrueMark Investments LLC owned about 0.12% of DHT worth $1,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of DHT in the 4th quarter worth about $36,000. Sunbelt Securities Inc. bought a new stake in DHT during the third quarter worth $50,000. SBI Securities Co. Ltd. bought a new stake in shares of DHT in the 4th quarter worth $108,000. Soros Fund Management LLC purchased a new stake in shares of DHT in the third quarter valued at about $114,000. Finally, Ieq Capital LLC bought a new position in shares of DHT during the fourth quarter valued at about $116,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT stock opened at $10.90 on Wednesday. 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 firm has a market cap of $1.76 billion, a P/E ratio of 9.73 and a beta of -0.38. The company has a 50 day moving average of $10.88 and a 200-day moving average of $10.53. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Sell-side analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

Analyst Ratings Changes

DHT has been the subject of a number of recent analyst reports. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research report on Thursday, December 12th. Jefferies Financial Group upped their target price on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, DHT currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.68.

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.