Capital Fund Management S.A. Buys 149,713 Shares of DHT Holdings, Inc. (NYSE:DHT)

Capital Fund Management S.A. lifted its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 418,890 shares of the shipping company's stock after purchasing an additional 149,713 shares during the quarter. Capital Fund Management S.A. owned 0.26% of DHT worth $3,891,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DHT. Spire Wealth Management bought a new stake in DHT during the 4th quarter valued at $36,000. Sunbelt Securities Inc. bought a new stake in shares of DHT during the third quarter worth about $50,000. New Age Alpha Advisors LLC acquired a new stake in shares of DHT in the 4th quarter worth about $71,000. SBI Securities Co. Ltd. acquired a new stake in shares of DHT in the 4th quarter worth about $108,000. Finally, Ieq Capital LLC bought a new position in DHT in the 4th quarter valued at about $116,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Up 3.2 %

NYSE:DHT traded up $0.33 on Friday, hitting $10.41. The stock had a trading volume of 1,501,301 shares, compared to its average volume of 1,872,190. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The firm's fifty day simple moving average is $10.53 and its two-hundred day simple moving average is $10.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The stock has a market cap of $1.68 billion, a P/E 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 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%. Analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their price objective on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research note 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. According to MarketBeat.com, DHT presently has an average rating of "Moderate Buy" and an average price target 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.