AQR Capital Management LLC Buys 52,803 Shares of DHT Holdings, Inc. (NYSE:DHT)

AQR Capital Management LLC increased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 34.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,988 shares of the shipping company's stock after buying an additional 52,803 shares during the quarter. AQR Capital Management LLC owned 0.13% of DHT worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in DHT during the 1st quarter worth $51,000. Summit Securities Group LLC acquired a new position in shares of DHT in the second quarter worth approximately $78,000. Point72 Hong Kong Ltd acquired a new position in shares of DHT in the second quarter worth approximately $80,000. Blue Trust Inc. boosted its holdings in DHT by 41,626.3% in the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company's stock valued at $91,000 after acquiring an additional 7,909 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in DHT during the 2nd quarter valued at approximately $124,000. Institutional investors own 58.53% of the company's stock.

DHT Stock Down 2.6 %

Shares of DHT stock traded down $0.31 during trading on Wednesday, reaching $11.59. 1,171,036 shares of the company traded hands, compared to its average volume of 1,882,859. The firm has a market capitalization of $1.87 billion, a PE ratio of 11.34 and a beta of -0.36. DHT Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80. The company has a 50 day moving average price of $11.02 and a 200-day moving average price of $11.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.33.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. DHT's revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, equities research analysts expect that DHT Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 9.32%. DHT's dividend payout ratio (DPR) is presently 102.86%.

Analyst Ratings Changes

DHT has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of DHT from $12.00 to $13.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of DHT from a "hold" rating to a "sell" rating in a report on Monday, September 9th. Finally, Fearnley Fonds upgraded DHT to a "strong-buy" rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.67.

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.