Crestline Management LP Buys Shares of 167,797 DHT Holdings, Inc. (NYSE:DHT)

Crestline Management LP 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 SEC. The institutional investor acquired 167,797 shares of the shipping company's stock, valued at approximately $1,559,000. Crestline Management LP owned 0.10% of DHT as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in shares of DHT during the 4th quarter valued at $163,000. Bridgeway Capital Management LLC purchased a new stake in shares of DHT during the 4th quarter worth about $8,126,000. Banque Transatlantique SA purchased a new stake in shares of DHT during the 4th quarter worth about $37,000. Bank of America Corp DE raised its stake in shares of DHT by 10.3% during the 4th quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company's stock worth $2,289,000 after purchasing an additional 22,949 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of DHT by 33.2% during the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company's stock worth $4,078,000 after purchasing an additional 109,376 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Stock Performance

DHT stock traded up $0.04 on Friday, reaching $11.07. 1,279,441 shares of the company were exchanged, compared to its average volume of 1,881,903. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The stock's fifty day moving average price is $10.48 and its 200 day moving average price is $10.36. The firm has a market capitalization of $1.78 billion, a PE ratio of 9.88 and a beta of -0.06. 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 results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million for 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 quarterly revenue was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Evercore ISI reduced their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT 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.