Barclays PLC Buys 31,099 Shares of DHT Holdings, Inc. (NYSE:DHT)

Barclays PLC lifted its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,998 shares of the shipping company's stock after purchasing an additional 31,099 shares during the quarter. Barclays PLC owned about 0.14% of DHT worth $2,044,000 as of its most recent SEC filing.

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

DHT Stock Performance

NYSE:DHT traded down $0.08 during mid-day trading on Wednesday, hitting $11.16. The stock had a trading volume of 2,122,279 shares, compared to its average volume of 1,884,781. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.96 and a beta of -0.06. The company has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $10.36. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. DHT's revenue for the quarter was down 25.4% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. On average, research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

DHT has been the topic of a number of analyst reports. Evercore ISI reduced their price target on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 target price on shares of DHT in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

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.