Quantbot Technologies LP Raises Holdings in DHT Holdings, Inc. (NYSE:DHT)

Quantbot Technologies LP raised its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 107.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,971 shares of the shipping company's stock after purchasing an additional 106,683 shares during the quarter. Quantbot Technologies LP owned 0.13% of DHT worth $2,272,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP raised its holdings in shares of DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company's stock worth $45,000 after purchasing an additional 3,717 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of DHT during the 2nd quarter valued at about $78,000. Nisa Investment Advisors LLC lifted its holdings in shares of DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock valued at $76,000 after buying an additional 2,361 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of DHT in the second quarter worth about $80,000. Finally, Blue Trust Inc. grew its holdings in DHT by 41,626.3% during the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company's stock worth $91,000 after acquiring an additional 7,909 shares during the period. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Price Performance

DHT stock traded down $0.21 during mid-day trading on Friday, reaching $9.42. The company's stock had a trading volume of 1,674,485 shares, compared to its average volume of 1,819,517. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The company's 50 day moving average is $10.79 and its two-hundred day moving average is $11.17. DHT Holdings, Inc. has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The stock has a market cap of $1.52 billion, a PE ratio of 9.42 and a beta of -0.36.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly 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. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm had revenue of $92.64 million during the quarter, compared to analysts' expectations of $87.51 million. During the same quarter last year, the firm earned $0.19 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts expect that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 9.34%. The ex-dividend date is Friday, November 22nd. DHT's payout ratio is currently 88.00%.

Wall Street Analyst Weigh In

DHT has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on DHT from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. BTIG Research initiated coverage on shares of DHT in a research report on Tuesday, October 15th. They set a "buy" rating and a $16.00 price target on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $14.00 price objective on shares of DHT in a research report on Wednesday, November 13th. Finally, Fearnley Fonds upgraded DHT to a "strong-buy" rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and a consensus target price of $14.50.

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.