EMC Capital Management Has $318,000 Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

EMC Capital Management increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 247.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,238 shares of the shipping company's stock after buying an additional 24,377 shares during the quarter. EMC Capital Management's holdings in DHT were worth $318,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Quarry LP lifted its holdings in shares of DHT by 2,494.6% in the second quarter. Quarry LP now owns 3,866 shares of the shipping company's stock worth $45,000 after acquiring an additional 3,717 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in DHT during the 3rd quarter worth approximately $50,000. Nisa Investment Advisors LLC lifted its stake in DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock valued at $76,000 after purchasing an additional 2,361 shares during the last quarter. Soros Fund Management LLC acquired a new stake in DHT in the third quarter valued at approximately $114,000. Finally, XTX Topco Ltd bought a new stake in shares of DHT during the second quarter worth $124,000. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Trading Up 1.1 %

Shares of DHT stock traded up $0.13 during midday trading on Monday, reaching $11.45. The company had a trading volume of 954,558 shares, compared to its average volume of 2,111,348. The firm has a market cap of $1.85 billion, a PE ratio of 11.46 and a beta of -0.39. The stock has a fifty day moving average price of $9.92 and a 200 day moving average price of $10.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analysts' expectations of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. DHT's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's dividend payout ratio (DPR) is presently 88.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DHT. StockNews.com upgraded DHT from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. BTIG Research began coverage on DHT in a research note on Tuesday, October 15th. They set a "buy" rating and a $16.00 price target on the stock. Kepler Capital Markets lowered shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. Stifel Nicolaus cut their target price on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group restated a "buy" rating and issued a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and a consensus target price of $13.54.

DHT 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.