Bridgeway Capital Management LLC Takes Position in DHT Holdings, Inc. (NYSE:DHT)

Bridgeway Capital Management LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 874,696 shares of the shipping company's stock, valued at approximately $8,126,000. Bridgeway Capital Management LLC owned about 0.54% of DHT as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHT. Tower Research Capital LLC TRC grew its stake in DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after buying an additional 1,265 shares in the last quarter. Spire Wealth Management purchased a new position in shares of DHT in the fourth quarter valued at $36,000. Banque Transatlantique SA bought a new stake in shares of DHT during the 4th quarter valued at $37,000. Sterling Capital Management LLC lifted its holdings in DHT by 822.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after purchasing an additional 3,856 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in DHT during the 4th quarter valued at about $71,000. Institutional investors own 58.53% of the company's stock.

DHT Trading Up 0.7%

NYSE DHT traded up $0.08 during trading on Monday, hitting $11.16. 562,405 shares of the company's stock traded hands, compared to its average volume of 1,876,807. 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 Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The stock has a fifty day moving average of $10.48 and a two-hundred day moving average of $10.36. The firm has a market cap of $1.79 billion, a P/E ratio of 9.98 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating 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 analyst estimates of $84.00 million. During the same period in the prior year, the business posted $0.29 EPS. The firm's revenue was down 25.4% compared to the same quarter last year. As a group, sell-side analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on DHT shares. Jefferies Financial Group restated a "buy" rating and set a $15.00 target price on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI reduced their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three investment 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's stock. Based on data from MarketBeat, DHT has a consensus rating of "Moderate Buy" and an average price target of $12.94.

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.