GAMMA Investing LLC Buys 23,778 Shares of DHT Holdings, Inc. (NYSE:DHT)

GAMMA Investing LLC increased its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1,805.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,095 shares of the shipping company's stock after buying an additional 23,778 shares during the period. GAMMA Investing LLC's holdings in DHT were worth $263,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. DME Capital Management LP lifted its position in shares of DHT by 20.8% in 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 acquiring an additional 902,704 shares in the last quarter. Wasatch Advisors LP raised its stake in DHT by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company's stock valued at $47,167,000 after purchasing an additional 48,037 shares during the period. American Century Companies Inc. raised its stake in DHT by 13.1% during 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 purchasing an additional 468,281 shares during the period. Geode Capital Management LLC lifted its holdings in DHT by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after purchasing an additional 5,603 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in DHT by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after purchasing an additional 24,710 shares during the period. Institutional investors own 58.53% of the company's stock.

DHT Price Performance

NYSE DHT traded up $0.12 during trading on Wednesday, hitting $11.29. 1,031,184 shares of the stock traded hands, compared to its average volume of 1,893,760. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 0.27. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.32. The firm has a 50-day simple moving average of $11.25 and a 200-day simple moving average of $10.67. The company has a market capitalization of $1.81 billion, a P/E ratio of 10.26 and a beta of 0.07.

DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. DHT had a return on equity of 17.08% and a net margin of 32.87%. The firm had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period in the prior year, the company earned $0.29 EPS. The company's quarterly revenue was down 25.4% compared to the same quarter last year. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 5.1%. DHT's payout ratio is currently 54.55%.

Analysts Set New Price Targets

DHT has been the subject of a number of research analyst reports. Evercore ISI cut their price objective on shares of 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 restated a "buy" rating and set a $15.00 target price 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.