683 Capital Management LLC Has $1.86 Million Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

683 Capital Management LLC grew its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the shipping company's stock after purchasing an additional 100,000 shares during the period. 683 Capital Management LLC owned approximately 0.12% of DHT worth $1,858,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DHT. Victory Capital Management Inc. lifted its position in shares of DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after purchasing an additional 469,528 shares in the last quarter. American Century Companies Inc. increased its stake in DHT by 13.1% in 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 buying an additional 468,281 shares during the period. Raymond James Financial Inc. purchased a new stake in DHT in the 4th quarter worth approximately $4,148,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of DHT by 78.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock valued at $6,906,000 after buying an additional 327,442 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of DHT during the 4th quarter valued at $2,835,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Stock Up 1.8 %

Shares of NYSE DHT traded up $0.19 during mid-day trading on Friday, reaching $10.90. 1,078,114 shares of the company traded hands, compared to its average volume of 1,881,129. The company's fifty day moving average is $10.41 and its two-hundred day moving average is $10.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The stock has a market cap of $1.76 billion, a PE ratio of 9.73 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last released 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 net margin of 31.72% and a return on equity of 17.42%. On average, analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a $0.17 dividend. 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 is currently 60.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI cut their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group lifted their price target on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.74.

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.