DHT Holdings, Inc. (NYSE:DHT) Stock Position Increased by Millennium Management LLC

Millennium Management LLC boosted its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 2,728.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 321,683 shares of the shipping company's stock after purchasing an additional 310,311 shares during the quarter. Millennium Management LLC owned about 0.20% of DHT worth $3,722,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of DHT by 7.2% during the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company's stock valued at $280,000 after acquiring an additional 1,640 shares in the last quarter. MQS Management LLC boosted its position in DHT by 7.3% in the second quarter. MQS Management LLC now owns 24,423 shares of the shipping company's stock worth $283,000 after purchasing an additional 1,662 shares during the last quarter. Pinion Investment Advisors LLC boosted its position in DHT by 6.3% in the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company's stock worth $540,000 after purchasing an additional 2,773 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of DHT by 6.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 70,308 shares of the shipping company's stock valued at $813,000 after buying an additional 4,081 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of DHT in the first quarter valued at $51,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

Shares of NYSE DHT traded down $0.38 during mid-day trading on Monday, hitting $11.35. The stock had a trading volume of 884,082 shares, compared to its average volume of 1,873,223. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The company has a 50 day moving average of $11.03 and a two-hundred day moving average of $11.41. DHT Holdings, Inc. has a twelve month low of $9.28 and a twelve month high of $12.80. The firm has a market cap of $1.83 billion, a PE ratio of 11.16 and a beta of -0.36.

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

DHT Cuts Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 9.52%. DHT's dividend payout ratio (DPR) is 102.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DHT shares. Fearnley Fonds upgraded DHT to a "strong-buy" rating in a research note on Friday, September 27th. StockNews.com cut DHT from a "hold" rating to a "sell" rating in a report on Monday, September 9th. Finally, Stifel Nicolaus increased their target price on DHT from $12.00 to $13.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.