59,651 Shares in DHT Holdings, Inc. (NYSE:DHT) Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,651 shares of the shipping company's stock, valued at approximately $554,000.

Several other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after buying an additional 1,265 shares during the period. Franklin Resources Inc. boosted its holdings in DHT by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock valued at $498,000 after purchasing an additional 1,740 shares during the period. EP Wealth Advisors LLC boosted its holdings in DHT by 9.1% in the 4th quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company's stock valued at $243,000 after purchasing an additional 2,177 shares during the period. Russell Investments Group Ltd. boosted its holdings in DHT by 0.4% in the 4th quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock valued at $5,134,000 after purchasing an additional 2,277 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in DHT by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 79,683 shares of the shipping company's stock valued at $740,000 after purchasing an additional 3,779 shares during the period. 58.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on DHT shares. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price target on shares of DHT in a report on Wednesday, May 7th. Evercore ISI reduced their price target 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Price Performance

Shares of NYSE:DHT traded up $0.35 during midday trading on Friday, reaching $11.68. 1,462,954 shares of the company's stock were exchanged, compared to its average volume of 1,855,705. The company's 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $10.44. The firm has a market capitalization of $1.88 billion, a PE ratio of 10.43 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 released its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The company had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. The firm's revenue for the quarter was down 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Announces Dividend

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

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.