Two Sigma Investments LP Sells 256,869 Shares of DHT Holdings, Inc. (NYSE:DHT)

Two Sigma Investments LP cut its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,113,576 shares of the shipping company's stock after selling 256,869 shares during the quarter. Two Sigma Investments LP owned approximately 0.69% of DHT worth $10,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after purchasing an additional 1,265 shares during the last quarter. Spire Wealth Management acquired a new stake in DHT in the 4th quarter worth $36,000. Banque Transatlantique SA acquired a new stake in DHT in the 4th quarter worth $37,000. Sterling Capital Management LLC grew its position in DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after purchasing an additional 3,856 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in DHT in the 4th quarter worth $71,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHT has been the topic of several research analyst reports. Evercore ISI decreased their price target 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. Jefferies Financial Group restated a "buy" rating and issued a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, DHT has an average rating of "Moderate Buy" and an average price target of $12.94.

DHT Price Performance

Shares of NYSE:DHT traded down $0.44 during midday trading on Wednesday, reaching $11.32. 1,661,192 shares of the company's stock were exchanged, compared to its average volume of 1,853,900. The company's 50 day simple moving average is $10.72 and its two-hundred day simple moving average is $10.46. The firm has a market capitalization of $1.82 billion, a PE ratio of 10.11 and a beta of -0.06. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.32. 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 (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. The firm had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period last year, the firm posted $0.29 EPS. The firm's quarterly revenue was down 25.4% on a year-over-year basis. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.15 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 21st. DHT's dividend payout ratio is currently 54.55%.

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.