Dark Forest Capital Management LP Acquires Shares of 35,973 DHT Holdings, Inc. (NYSE:DHT)

Dark Forest Capital Management LP purchased a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,973 shares of the shipping company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after buying an additional 1,265 shares in the last quarter. Spire Wealth Management bought a new stake in DHT in the 4th quarter worth about $36,000. Sterling Capital Management LLC lifted its stake in 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 acquiring an additional 3,856 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of DHT in the fourth quarter worth approximately $71,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of DHT during the fourth quarter valued at approximately $108,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Evercore ISI dropped their target price on 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and an average target price of $12.74.

DHT Price Performance

NYSE:DHT traded up $0.19 during trading hours on Friday, hitting $10.90. 830,959 shares of the stock traded hands, compared to its average volume of 1,878,686. The stock has a 50 day moving average price of $10.40 and a 200 day moving average price of $10.36. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.06. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating 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%. Sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

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.