GAMMA Investing LLC Purchases 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% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,095 shares of the shipping company's stock after purchasing 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.

A number of other large investors also recently modified their holdings of DHT. Allspring Global Investments Holdings LLC bought a new position in shares of DHT in the 4th quarter worth $1,387,000. Rhumbline Advisers lifted its holdings in shares of DHT by 1.6% in the 4th quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company's stock worth $2,559,000 after purchasing an additional 4,454 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of DHT by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 107,906 shares of the shipping company's stock worth $1,002,000 after purchasing an additional 9,341 shares in the last quarter. Ieq Capital LLC bought a new position in shares of DHT in the 4th quarter worth $116,000. Finally, Dividend Assets Capital LLC lifted its holdings in shares of DHT by 12.6% in the 4th quarter. Dividend Assets Capital LLC now owns 68,964 shares of the shipping company's stock worth $641,000 after purchasing an additional 7,699 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Evercore ISI cut their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Three research 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 MarketBeat, DHT currently has a consensus rating of "Moderate Buy" and an average target price of $12.94.

DHT Trading Down 2.0%

NYSE DHT opened at $11.74 on Friday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 10.67 and a beta of 0.07. The business has a fifty day simple moving average of $11.19 and a 200 day simple moving average of $10.65. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.32. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

DHT (NYSE:DHT - Get Free Report) last released its quarterly 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. The business had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.08% and a net margin of 32.87%. DHT's quarterly revenue was down 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. On average, analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Announces Dividend

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 of this dividend was Wednesday, May 21st. This represents a yield of 5.1%. DHT's dividend payout ratio (DPR) is presently 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.

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