Cornercap Investment Counsel Inc. Sells 10,375 Shares of DHT Holdings, Inc. (NYSE:DHT)

Cornercap Investment Counsel Inc. trimmed its holdings in DHT Holdings, Inc. (NYSE:DHT) by 9.1% in the fourth quarter, HoldingsChannel reports. The fund owned 103,833 shares of the shipping company’s stock after selling 10,375 shares during the period. Cornercap Investment Counsel Inc.’s holdings in DHT were worth $1,019,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in shares of DHT in the 3rd quarter worth approximately $52,000. CWM LLC lifted its holdings in shares of DHT by 3,696.2% in the 3rd quarter. CWM LLC now owns 6,985 shares of the shipping company’s stock worth $72,000 after acquiring an additional 6,801 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of DHT in the 2nd quarter worth approximately $77,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of DHT by 45.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company’s stock worth $95,000 after acquiring an additional 2,882 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of DHT by 64.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,598 shares of the shipping company’s stock worth $80,000 after acquiring an additional 4,155 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TheStreet raised shares of DHT from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Truist Financial lifted their target price on shares of DHT from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Jefferies Financial Group raised shares of DHT from a “hold” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $14.00 in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and two have assigned a 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 $14.00.

DHT Stock Down 0.7 %

Shares of DHT stock opened at $11.29 on Tuesday. The company has a current ratio of 3.54, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $10.70. The company has a market cap of $1.82 billion, a P/E ratio of 11.40 and a beta of -0.33. DHT Holdings, Inc. has a 12-month low of $7.30 and a 12-month high of $11.95.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, February 6th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $94.50 million for the quarter, compared to the consensus estimate of $95.78 million. DHT had a net margin of 28.78% and a return on equity of 15.52%. The company’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. Research analysts anticipate that DHT Holdings, Inc. will post 1.53 EPS for the current year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.22 per share. This is an increase from DHT’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date was Tuesday, February 20th. DHT’s payout ratio is presently 88.89%.

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.