Capital Fund Management S.A. Purchases 149,713 Shares of DHT Holdings, Inc. (NYSE:DHT)

Capital Fund Management S.A. boosted its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 55.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 418,890 shares of the shipping company's stock after buying an additional 149,713 shares during the quarter. Capital Fund Management S.A. owned approximately 0.26% of DHT worth $3,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DHT. Victory Capital Management Inc. boosted its holdings in DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after acquiring an additional 469,528 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after purchasing an additional 468,281 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of DHT during the fourth quarter valued at about $4,148,000. Arrowstreet Capital Limited Partnership raised its stake 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 buying an additional 327,442 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in DHT in the fourth quarter worth about $2,835,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their target price on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Three equities research 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. According to MarketBeat, DHT has a consensus rating of "Moderate Buy" and a consensus price target of $12.68.

DHT Stock Up 3.2 %

Shares of DHT traded up $0.33 during mid-day trading on Friday, reaching $10.41. The company had a trading volume of 1,501,301 shares, compared to its average volume of 1,875,510. 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 company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 9.29 and a beta of -0.06. The firm has a 50-day moving average price of $10.53 and a 200 day moving average price of $10.45.

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

DHT Cuts Dividend

The company 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 was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.54%. DHT's dividend payout ratio (DPR) is presently 60.71%.

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.