Fox Run Management L.L.C. Invests $506,000 in DHT Holdings, Inc. $DHT

Key Points

• Fox Run Management L.L.C. acquired 48,148 shares of DHT Holdings, valued at approximately $506,000, during the first quarter.
• DHT recently increased its quarterly dividend to $0.24 per share, reflecting an annualized yield of 8.6%, up from its previous dividend of $0.17.
• Analysts have a consensus rating of "Moderate Buy" for DHT, with an average target price of $12.94 per share.

Fox Run Management L.L.C. purchased a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 48,148 shares of the shipping company's stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after buying an additional 1,073 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 worth $26,000 after acquiring an additional 1,265 shares in the last quarter. CWM LLC boosted its holdings in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company's stock worth $32,000 after acquiring an additional 2,116 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of DHT during the fourth quarter worth about $37,000. Finally, Sterling Capital Management LLC increased its holdings 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 valued at $40,000 after acquiring an additional 3,856 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DHT. Zacks Research upgraded shares of DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 price target on shares of DHT in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, DHT presently has an average rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Stock Performance

Shares of DHT stock traded up $0.2150 on Friday, reaching $11.6450. 1,216,273 shares of the stock were exchanged, compared to its average volume of 1,757,769. The business has a 50 day moving average price of $11.25 and a two-hundred day moving average price of $10.99. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.87 and a beta of 0.02. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.32. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The company had revenue of $92.80 million for the quarter, compared to the consensus estimate of $95.41 million. During the same quarter in the prior year, the company earned $0.27 EPS. DHT's quarterly revenue was down 10.5% on a year-over-year basis. Analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 18th will be given a dividend of $0.24 per share. This is a boost from DHT's previous quarterly dividend of $0.17. This represents a $0.96 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Monday, August 18th. DHT's payout ratio is presently 81.36%.

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.