Barclays PLC Has $2.04 Million Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Barclays PLC grew its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 219,998 shares of the shipping company's stock after buying an additional 31,099 shares during the quarter. Barclays PLC owned approximately 0.14% of DHT worth $2,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHT. Townsquare Capital LLC bought a new stake in DHT during the 4th quarter worth $127,000. Sterling Capital Management LLC boosted its stake in shares of DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after purchasing an additional 3,856 shares in the last quarter. Capital Fund Management S.A. grew its holdings in shares of DHT by 55.6% during the fourth quarter. Capital Fund Management S.A. now owns 418,890 shares of the shipping company's stock worth $3,891,000 after purchasing an additional 149,713 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of DHT in the fourth quarter valued at approximately $4,148,000. Finally, Martingale Asset Management L P raised its holdings in DHT by 2.5% in the 4th quarter. Martingale Asset Management L P now owns 164,491 shares of the shipping company's stock valued at $1,528,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 58.53% of the company's stock.

DHT Trading Up 0.3 %

NYSE:DHT opened at $10.73 on Friday. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The firm's fifty day moving average is $10.40 and its 200-day moving average is $10.36. The firm has a market cap of $1.73 billion, a P/E ratio of 9.58 and a beta of -0.06.

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

DHT Cuts Dividend

The firm also recently announced 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 of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.34%. DHT's payout ratio is currently 60.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore ISI reduced their target price on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group boosted their price objective 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, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.74.

About DHT

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.

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