Wexford Capital LP Sells 52,736 Shares of DHT Holdings, Inc. (NYSE:DHT)

Wexford Capital LP trimmed its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 55.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,000 shares of the shipping company's stock after selling 52,736 shares during the quarter. Wexford Capital LP's holdings in DHT were worth $474,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DHT. Quarry LP raised its position in DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company's stock valued at $45,000 after buying an additional 3,717 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company's stock worth $76,000 after acquiring an additional 2,361 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of DHT in the second quarter valued at approximately $78,000. Point72 Hong Kong Ltd bought a new stake in shares of DHT in the second quarter worth $80,000. Finally, Blue Trust Inc. boosted 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 purchasing an additional 7,909 shares during the last quarter. Institutional investors own 58.53% of the company's stock.

Wall Street Analysts Forecast Growth

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

DHT Stock Performance

Shares of DHT traded down $0.17 during mid-day trading on Friday, reaching $9.42. The company's stock had a trading volume of 1,869,225 shares, compared to its average volume of 1,711,934. 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 Holdings, Inc. has a 1-year low of $9.23 and a 1-year high of $12.80. The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $11.05. The stock has a market cap of $1.52 billion, a P/E ratio of 9.43 and a beta of -0.37.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 9.34%. The ex-dividend date was Friday, November 22nd. DHT's payout ratio is 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.