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

683 Capital Management LLC raised its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 100.0% in the fourth quarter, according to the company in its most recent disclosure 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 quarter. 683 Capital Management LLC owned approximately 0.12% of DHT worth $1,858,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings 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 valued at $4,681,000 after purchasing an additional 469,528 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 during the period. Raymond James Financial Inc. acquired a new position in DHT in the 4th quarter valued at about $4,148,000. Arrowstreet Capital Limited Partnership raised its holdings in DHT by 78.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock valued at $6,906,000 after acquiring an additional 327,442 shares during the period. Finally, Empowered Funds LLC bought a new position in DHT in the 4th quarter valued at about $2,835,000. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Price Performance

Shares of DHT stock traded down $0.09 during trading hours on Wednesday, reaching $11.15. The company's stock had a trading volume of 906,689 shares, compared to its average volume of 1,877,451. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.99 and a beta of -0.06. The firm's 50 day simple moving average is $10.44 and its 200-day simple moving average is $10.36.

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

Analyst Ratings Changes

Several equities analysts have recently commented on DHT shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 target price on shares of DHT in a research report on Wednesday. Evercore ISI decreased their target price 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, DHT presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

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.