Graham Capital Management L.P. Acquires New Stake in DHT Holdings, Inc. (NYSE:DHT)

Graham Capital Management L.P. acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 37,135 shares of the shipping company's stock, valued at approximately $345,000.

Several other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after acquiring an additional 1,265 shares in the last quarter. Franklin Resources Inc. grew its position in shares of DHT by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock worth $498,000 after buying an additional 1,740 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of DHT by 9.1% during the fourth quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company's stock worth $243,000 after buying an additional 2,177 shares during the period. Russell Investments Group Ltd. raised its holdings in DHT by 0.4% in the fourth quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock valued at $5,134,000 after acquiring an additional 2,277 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in DHT by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 79,683 shares of the shipping company's stock worth $740,000 after acquiring an additional 3,779 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and issued a $15.00 price objective on shares of DHT in a report on Wednesday, May 7th. Evercore ISI lowered their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and an average target price of $12.94.

DHT Stock Performance

Shares of NYSE:DHT traded down $0.20 on Thursday, reaching $11.36. The company's stock had a trading volume of 275,709 shares, compared to its average volume of 1,850,510. The stock has a market capitalization of $1.82 billion, a P/E ratio of 10.16 and a beta of -0.06. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.64. The stock's 50-day moving average is $10.66 and its two-hundred day moving average is $10.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. The company had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the prior year, the firm earned $0.29 EPS. DHT's quarterly revenue was down 25.4% on a year-over-year basis. As a group, sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.15 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 21st. DHT's dividend payout ratio (DPR) is 54.55%.

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.