Renaissance Technologies LLC Lowers Stake in DHT Holdings, Inc. (NYSE:DHT)

Renaissance Technologies LLC lessened its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,573,745 shares of the shipping company's stock after selling 166,174 shares during the quarter. Renaissance Technologies LLC owned about 1.60% of DHT worth $23,910,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DHT. Barclays PLC grew its holdings in shares of DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock valued at $2,083,000 after purchasing an additional 131,551 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in DHT during the fourth quarter valued at $1,387,000. Victory Capital Management Inc. grew its stake in shares of DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after buying an additional 469,528 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of DHT in the 4th quarter worth $4,148,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of DHT in the 3rd quarter worth about $134,000. Institutional investors own 58.53% of the company's stock.

DHT Trading Up 3.2 %

NYSE DHT traded up $0.33 on Friday, hitting $10.41. 1,501,301 shares of the stock were exchanged, compared to its average volume of 1,872,190. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The firm has a market capitalization of $1.68 billion, a P/E ratio of 9.29 and a beta of -0.06. The stock has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $10.45.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.54%. DHT's dividend payout ratio is 60.71%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their price target on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.68.

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.