Glenorchy Capital Ltd Sells 48,348 Shares of DHT Holdings, Inc. (NYSE:DHT)

Glenorchy Capital Ltd reduced its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,996 shares of the shipping company's stock after selling 48,348 shares during the quarter. DHT comprises 0.9% of Glenorchy Capital Ltd's portfolio, making the stock its 16th biggest position. Glenorchy Capital Ltd owned 0.15% of DHT worth $2,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DHT. Quarry LP raised its stake in DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company's stock worth $45,000 after buying an additional 3,717 shares during the period. Headlands Technologies LLC acquired a new stake in shares of DHT during the first quarter worth about $51,000. Summit Securities Group LLC bought a new position in shares of DHT during the 2nd quarter valued at about $78,000. Point72 Hong Kong Ltd acquired a new position in shares of DHT in the 2nd quarter valued at approximately $80,000. Finally, Blue Trust Inc. increased its stake in DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company's stock worth $91,000 after purchasing an additional 7,909 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

DHT Stock Up 0.5 %

DHT stock traded up $0.06 during mid-day trading on Friday, reaching $11.39. The company's stock had a trading volume of 848,742 shares, compared to its average volume of 1,859,491. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. DHT Holdings, Inc. has a 12 month low of $9.28 and a 12 month high of $12.80. The business's 50 day simple moving average is $11.06 and its 200 day simple moving average is $11.40. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 10.85 and a beta of -0.36.

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). 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 the consensus estimate of $102.75 million. During the same quarter in the previous year, the business earned $0.35 EPS. DHT's revenue was down 8.2% on a year-over-year basis. As a group, research analysts anticipate that DHT Holdings, Inc. will post 1.14 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date of this dividend was Friday, August 23rd. DHT's dividend payout ratio is currently 102.86%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research note on Friday, September 27th. Stifel Nicolaus upped their target price on shares of DHT from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. StockNews.com cut DHT from a "hold" rating to a "sell" rating in a report on Monday, September 9th. Finally, BTIG Research initiated coverage on DHT in a report on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $15.00.

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.