DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 15.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,102,800 shares of the shipping company's stock after acquiring an additional 284,900 shares during the quarter. Two Sigma Advisers LP owned 1.30% of DHT worth $23,194,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Soros Fund Management LLC acquired a new stake in DHT during the 3rd quarter worth $114,000. Stifel Financial Corp boosted its stake in DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock worth $235,000 after purchasing an additional 1,514 shares during the last quarter. Wasatch Advisors LP acquired a new stake in DHT during the 3rd quarter worth $55,472,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in DHT during the 3rd quarter worth $374,000. Finally, Cynosure Group LLC acquired a new stake in DHT during the 3rd quarter worth $372,000. Institutional investors and hedge funds own 58.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BTIG Research assumed 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. Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research report on Friday, September 27th. Stifel Nicolaus lowered their price target on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com raised shares of DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $14.50.

DHT Trading Down 1.8 %

DHT traded down $0.17 on Friday, hitting $9.42. The company had a trading volume of 1,869,225 shares, compared to its average volume of 1,711,934. The firm has a market cap of $1.52 billion, a P/E ratio of 9.42 and a beta of -0.37. DHT Holdings, Inc. has a 1 year low of $9.23 and a 1 year high of $12.80. The company's fifty day moving average price is $10.63 and its 200 day moving average price is $11.04. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. DHT's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. As a group, equities analysts expect that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 9.34%. DHT's dividend payout ratio (DPR) is presently 88.00%.

DHT Company 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.