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

Foundry Partners LLC cut its position in DHT Holdings, Inc. (NYSE:DHT) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and 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 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after purchasing an additional 1,514 shares during the last quarter. Franklin Resources Inc. increased its position in shares of DHT by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock worth $498,000 after buying an additional 1,740 shares during the period. Spire Wealth Management bought a new position in DHT during the fourth quarter worth $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in DHT by 41.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company’s stock valued at $136,000 after buying an additional 4,290 shares during the period. Finally, Rhumbline Advisers boosted its position in DHT by 1.6% during the fourth quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock valued at $2,559,000 after acquiring an additional 4,454 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Stock Down 5.6 %

DHT stock opened at $9.44 on Friday. The stock’s 50 day simple moving average is $10.81 and its 200 day simple moving average is $10.51. The company has a market cap of $1.52 billion, a P/E ratio of 8.43 and a beta of -0.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80.

DHT (NYSE:DHT) last issued 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 return on equity of 17.42% and a net margin of 31.72%. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio is currently 60.71%.

Analyst Upgrades and Downgrades

A number of research analysts have 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 on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group increased their price target on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.68.

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.