Dark Forest Capital Management LP Buys New Shares in DHT Holdings, Inc. (NYSE:DHT)

Dark Forest Capital Management LP purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,973 shares of the shipping company's stock, valued at approximately $334,000.

Several other institutional investors also recently added to or reduced their stakes in DHT. Tower Research Capital LLC TRC increased its stake in DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after purchasing an additional 1,265 shares during the period. Spire Wealth Management purchased a new stake in shares of DHT in the fourth quarter valued at about $36,000. Sterling Capital Management LLC increased 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 worth $40,000 after acquiring an additional 3,856 shares during the period. New Age Alpha Advisors LLC purchased a new position in DHT during the fourth quarter worth about $71,000. Finally, SBI Securities Co. Ltd. acquired a new stake in DHT in the fourth quarter valued at about $108,000. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Trading Up 1.8 %

Shares of DHT stock traded up $0.19 during mid-day trading on Friday, hitting $10.90. 1,078,114 shares of the stock were exchanged, compared to its average volume of 1,881,129. The company has a 50-day simple moving average of $10.41 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. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.06. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80.

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 the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.24%. DHT's payout ratio is currently 60.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their target price on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Evercore ISI lowered their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.74.

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.