Rossby Financial LCC Buys Shares of 31,100 DHT Holdings, Inc. (NYSE:DHT)

Rossby Financial LCC acquired a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,100 shares of the shipping company's stock, valued at approximately $289,000.

Several other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock worth $37,658,000 after acquiring an additional 468,281 shares during the period. Geode Capital Management LLC raised its stake in shares of DHT by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock valued at $15,400,000 after purchasing an additional 5,603 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in DHT by 78.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock worth $6,906,000 after purchasing an additional 327,442 shares during the period. Russell Investments Group Ltd. grew its position in DHT by 0.4% in the 4th quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock valued at $5,134,000 after buying an additional 2,277 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in DHT by 1,367.3% during the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after buying an additional 469,528 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price target on shares of DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two 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 a consensus target price of $12.68.

DHT Price Performance

NYSE:DHT traded up $0.33 during mid-day trading on Friday, reaching $10.41. 1,501,301 shares of the stock were exchanged, compared to its average volume of 1,877,878. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $10.51 and a 200 day moving average price of $10.43. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The firm has a market capitalization of $1.68 billion, a PE ratio of 9.29 and a beta of -0.06.

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

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.54%. DHT's dividend payout ratio is currently 60.71%.

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.