GSA Capital Partners LLP Has $435,000 Stock Position in DHT Holdings, Inc. (NYSE:DHT)

GSA Capital Partners LLP trimmed its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 67.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,394 shares of the shipping company's stock after selling 82,958 shares during the quarter. GSA Capital Partners LLP's holdings in DHT were worth $435,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of DHT by 43.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock worth $39,184,000 after buying an additional 1,032,832 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock worth $33,183,000 after acquiring an additional 873,356 shares during the period. LSV Asset Management increased its holdings in shares of DHT by 28.8% in the 2nd quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company's stock worth $17,755,000 after acquiring an additional 343,100 shares during the period. M&G PLC increased its holdings in shares of DHT by 1.4% in the 3rd quarter. M&G PLC now owns 1,204,231 shares of the shipping company's stock worth $13,247,000 after acquiring an additional 16,736 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of DHT by 15.2% in the 1st quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company's stock worth $11,478,000 after acquiring an additional 132,039 shares during the period. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DHT. Stifel Nicolaus dropped their price objective on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a report on Friday, September 27th. BTIG Research began coverage on shares of DHT in a report on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price objective on the stock. StockNews.com raised shares of DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $14.00 price objective on shares of DHT in a report on Wednesday, November 13th. Two equities 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, the company presently has an average rating of "Moderate Buy" and an average price target of $14.50.

DHT Price Performance

DHT stock traded down $0.17 during trading hours on Thursday, hitting $10.37. 1,948,346 shares of the company traded hands, compared to its average volume of 1,819,479. The firm has a market cap of $1.67 billion, a P/E ratio of 10.36 and a beta of -0.36. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm's 50-day simple moving average is $10.93 and its two-hundred day simple moving average is $11.25. DHT Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $92.64 million for 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.19 EPS. As a group, analysts forecast that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 8.49%. DHT's dividend payout ratio is currently 108.00%.

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.