Barclays PLC Raises Stake in DHT Holdings, Inc. (NYSE:DHT)

Barclays PLC increased its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 229.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,899 shares of the shipping company's stock after acquiring an additional 131,551 shares during the quarter. Barclays PLC owned approximately 0.12% of DHT worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in DHT in the 3rd quarter valued at about $611,000. International Assets Investment Management LLC lifted its holdings in DHT by 1,144.6% in the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company's stock valued at $7,487,000 after acquiring an additional 624,266 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in DHT in the third quarter worth approximately $2,611,000. Quantbot Technologies LP grew its position in DHT by 107.4% in the third quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company's stock worth $2,272,000 after acquiring an additional 106,683 shares during the period. Finally, Millennium Management LLC increased its stake in DHT by 2,728.7% during the second quarter. Millennium Management LLC now owns 321,683 shares of the shipping company's stock worth $3,722,000 after acquiring an additional 310,311 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Trading Down 0.9 %

NYSE:DHT traded down $0.08 on Friday, reaching $9.24. 1,732,014 shares of the company's stock were exchanged, compared to its average volume of 1,826,029. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 9.24 and a beta of -0.37. The business has a fifty day moving average of $9.97 and a 200-day moving average of $10.77. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The company had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. As a group, analysts expect that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 9.52%. DHT's payout ratio is 88.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DHT shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their target price on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price target on the stock. Finally, Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DHT currently has a consensus rating of "Moderate Buy" and an average price target of $13.54.

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.