Diametric Capital LP Takes $305,000 Position in DHT Holdings, Inc. (NYSE:DHT)

Diametric Capital LP acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,852 shares of the shipping company's stock, valued at approximately $305,000.

Several other large investors have also recently added to or reduced their stakes in DHT. American Century Companies Inc. grew its stake in shares of DHT by 13.1% in the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after acquiring an additional 468,281 shares in the last quarter. Two Sigma Advisers LP grew 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 purchasing an additional 284,900 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of DHT by 78.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock worth $6,906,000 after purchasing an additional 327,442 shares during the period. Victory Capital Management Inc. raised its position in shares of DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after buying an additional 469,528 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of DHT by 37.3% in the fourth quarter. JPMorgan Chase & Co. now owns 454,647 shares of the shipping company's stock valued at $4,224,000 after buying an additional 123,599 shares in the last quarter. Institutional investors own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DHT shares. Kepler Capital Markets lowered DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective on the stock. in a research note on Thursday, December 12th. Jefferies Financial Group raised their price target 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, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.68.

DHT Price Performance

NYSE DHT traded down $0.56 on Friday, hitting $9.44. 4,530,466 shares of the company's stock were exchanged, compared to its average volume of 1,830,874. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The stock has a 50-day moving average of $10.81 and a 200-day moving average of $10.51. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 8.43 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share 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%. Analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.20%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

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.