Crestline Management LP Invests $1.56 Million in DHT Holdings, Inc. (NYSE:DHT)

Crestline Management LP bought a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 167,797 shares of the shipping company's stock, valued at approximately $1,559,000. Crestline Management LP owned about 0.10% of DHT at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in DHT by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company's stock valued at $47,167,000 after purchasing an additional 48,037 shares during the last quarter. American Century Companies Inc. grew its position 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 worth $37,658,000 after buying an additional 468,281 shares in the last quarter. Geode Capital Management LLC increased its holdings in DHT by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after buying an additional 5,603 shares during the period. Northern Trust Corp increased its holdings in DHT by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after acquiring an additional 24,710 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in DHT during the fourth quarter worth about $8,126,000. Institutional investors own 58.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on DHT shares. Evercore ISI dropped their target price on 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 reissued a "buy" rating and set a $15.00 price objective on shares of DHT in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, DHT currently has a consensus rating of "Moderate Buy" and an average price target of $12.94.

DHT Stock Performance

Shares of NYSE DHT remained flat at $11.32 during midday trading on Wednesday. 703,113 shares of the stock were exchanged, compared to its average volume of 1,874,846. The firm has a fifty day simple moving average of $10.51 and a 200 day simple moving average of $10.37. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year 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 cap of $1.82 billion, a price-to-earnings ratio of 10.11 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The firm had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The company's revenue was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. Equities analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

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.