Y Intercept Hong Kong Ltd Cuts Position in DHT Holdings, Inc. (NYSE:DHT)

Y Intercept Hong Kong Ltd reduced its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 81.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,471 shares of the shipping company's stock after selling 54,822 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in DHT were worth $116,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new stake in shares of DHT in the 3rd quarter worth $55,472,000. FMR LLC increased its stake in shares of DHT by 10.0% in the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock worth $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of DHT in the 4th quarter worth $2,835,000. Two Sigma Advisers LP increased its stake in shares of DHT by 15.7% in 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 during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of DHT in the 3rd quarter worth $2,611,000. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Price Performance

DHT traded up $0.17 during trading on Friday, reaching $10.77. 1,799,146 shares of the stock were exchanged, compared to its average volume of 2,060,918. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The business's 50 day moving average price is $10.72 and its two-hundred day moving average price is $10.54. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 9.61 and a beta of -0.38.

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

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.32%. DHT's dividend payout ratio is currently 60.71%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DHT. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Kepler Capital Markets downgraded DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective for the company. in a research report on Thursday, December 12th. Finally, 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.68.

DHT Company 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.