Dark Forest Capital Management LP Purchases Shares of 35,973 DHT Holdings, Inc. (NYSE:DHT)

Dark Forest Capital Management LP bought a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,973 shares of the shipping company's stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in DHT by 84.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after buying an additional 1,265 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of DHT in the 4th quarter valued at approximately $36,000. Sterling Capital Management LLC boosted its stake in DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after purchasing an additional 3,856 shares during the period. New Age Alpha Advisors LLC purchased a new position in DHT during the 4th quarter worth approximately $71,000. Finally, SBI Securities Co. Ltd. acquired a new stake in DHT during the 4th quarter valued at $108,000. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Trading Up 1.4 %

DHT stock opened at $10.59 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The company's fifty day simple moving average is $10.42 and its 200-day simple moving average is $10.37. The stock has a market cap of $1.71 billion, a P/E ratio of 9.46 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's payout ratio is presently 60.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Evercore ISI decreased their target price on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group raised their price objective on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.74.

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.

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