DHT Holdings, Inc. (NYSE:DHT) Shares Bought by Mariner LLC

Mariner LLC increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,422 shares of the shipping company's stock after purchasing an additional 32,757 shares during the quarter. Mariner LLC owned approximately 0.22% of DHT worth $3,265,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in DHT by 16.5% during the fourth quarter. Barclays PLC now owns 219,998 shares of the shipping company's stock valued at $2,044,000 after acquiring an additional 31,099 shares in the last quarter. Townsquare Capital LLC purchased a new stake in DHT during the fourth quarter valued at approximately $127,000. Sterling Capital Management LLC boosted its holdings in shares of DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after purchasing an additional 3,856 shares during the period. Capital Fund Management S.A. raised its stake in shares of DHT by 55.6% in the fourth quarter. Capital Fund Management S.A. now owns 418,890 shares of the shipping company's stock valued at $3,891,000 after acquiring an additional 149,713 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in DHT during the 4th quarter valued at $4,148,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Up 1.4 %

NYSE DHT traded up $0.15 during trading on Friday, hitting $10.59. The company's stock had a trading volume of 1,000,352 shares, compared to its average volume of 1,878,522. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The company has a market cap of $1.71 billion, a PE ratio of 9.47 and a beta of -0.06. The business's 50 day simple moving average is $10.43 and its 200-day simple moving average is $10.40.

DHT (NYSE:DHT - Get Free Report) last released its earnings results 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%. On average, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal 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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.42%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio is currently 60.71%.

Analysts Set New Price Targets

DHT has been the topic of several research reports. Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Evercore ISI dropped their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.74.

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.