31,100 Shares in DHT Holdings, Inc. (NYSE:DHT) Bought by Rossby Financial LCC

Rossby Financial LCC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,100 shares of the shipping company's stock, valued at approximately $289,000.

Several other institutional investors have also made changes to their positions in DHT. Barclays PLC grew its position in DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock worth $2,083,000 after acquiring an additional 131,551 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of DHT during the fourth quarter valued at about $1,387,000. Victory Capital Management Inc. grew its holdings in shares of DHT by 1,367.3% during the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after purchasing an additional 469,528 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of DHT in the fourth quarter valued at approximately $4,148,000. Finally, Sanctuary Advisors LLC bought a new position in DHT in the 3rd quarter valued at approximately $134,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

Shares of NYSE:DHT traded up $0.33 during midday trading on Friday, reaching $10.41. 1,501,301 shares of the company traded hands, compared to its average volume of 1,872,190. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The firm's fifty day moving average price is $10.53 and its two-hundred day moving average price is $10.45. 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 capitalization of $1.68 billion, a price-to-earnings ratio of 9.29 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating 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, equities analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's dividend payout ratio is presently 60.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their price objective on shares of DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.68.

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.