DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 78.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 743,379 shares of the shipping company's stock after purchasing an additional 327,442 shares during the period. Arrowstreet Capital Limited Partnership owned 0.46% of DHT worth $6,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp lifted its position in DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock valued at $235,000 after buying an additional 1,514 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of DHT by 15.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company's stock worth $23,194,000 after acquiring an additional 284,900 shares in the last quarter. Wolverine Trading LLC acquired a new stake in DHT during the third quarter worth approximately $236,000. EP Wealth Advisors LLC purchased a new stake in DHT in the third quarter valued at $264,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of DHT by 10.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 67,293 shares of the shipping company's stock valued at $742,000 after purchasing an additional 6,150 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Price Performance

Shares of DHT stock traded up $0.77 on Friday, hitting $10.61. The company's stock had a trading volume of 2,795,372 shares, compared to its average volume of 1,865,320. 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 fifty day moving average price of $10.63 and a 200-day moving average price of $10.47. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a market capitalization of $1.71 billion, a P/E ratio of 9.48 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings data 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%. On average, equities research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.41%. DHT's dividend payout ratio (DPR) is 60.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Kepler Capital Markets downgraded shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price target for the company. in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.