Capital Fund Management S.A. Sells 315,404 Shares of DHT Holdings, Inc. $DHT

Key Points

• Capital Fund Management S.A. reduced its stake in DHT Holdings, Inc. by 75.3%, selling 315,404 shares, and now holds only 103,486 shares worth approximately $1,087,000.
• The company's recent quarterly earnings surpassed expectations, reporting $0.24 EPS, and a dividend increase to $0.24 per share, representing an annual yield of 8.3%.
• Institutional investors now own 58.53% of DHT's stock, with several firms like GAMMA Investing LLC and CWM LLC significantly increasing their positions in the company.

Capital Fund Management S.A. reduced its stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 75.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,486 shares of the shipping company's stock after selling 315,404 shares during the period. Capital Fund Management S.A. owned approximately 0.06% of DHT worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DHT. DME Capital Management LP boosted its position in shares of DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after buying an additional 902,704 shares during the last quarter. American Century Companies Inc. boosted its position in shares of DHT by 8.7% during the first quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company's stock valued at $46,280,000 after buying an additional 354,074 shares during the last quarter. Northern Trust Corp boosted its position in shares of DHT by 1.7% during the fourth quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock valued at $14,107,000 after buying an additional 24,710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of DHT by 11.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 986,793 shares of the shipping company's stock valued at $9,167,000 after buying an additional 99,197 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of DHT during the fourth quarter valued at $8,126,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHT has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $15.00 price objective on shares of DHT in a research report on Thursday, August 7th. Zacks Research raised DHT to a "hold" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, DHT presently has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Stock Performance

Shares of NYSE DHT traded down $0.01 during trading on Friday, hitting $11.73. The company had a trading volume of 813,726 shares, compared to its average volume of 1,328,290. The stock has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $11.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.32. The firm has a market capitalization of $1.88 billion, a P/E ratio of 9.94 and a beta of 0.02.

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

DHT Increases Dividend

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

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.