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

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake 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 valued at $26,000 after buying an additional 1,265 shares during the last quarter. Spire Wealth Management acquired a new stake in DHT in the 4th quarter valued at $36,000. Banque Transatlantique SA acquired a new stake in DHT in the 4th quarter valued at $37,000. Sterling Capital Management LLC increased its stake in DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after buying 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 valued at $71,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 price target on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI lowered their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DHT currently has an average rating of "Moderate Buy" and an average target price of $12.94.

DHT Stock Performance

DHT stock traded down $0.20 during midday trading on Thursday, reaching $11.35. 1,086,311 shares of the company's stock were exchanged, compared to its average volume of 1,853,399. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week 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. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 10.13 and a beta of -0.06. The stock's 50-day simple moving average is $10.68 and its 200 day simple moving average is $10.43.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. The business 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%. DHT's revenue was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Dividend Announcement

The business also recently announced 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 dividend yield of 5.1%. The ex-dividend date 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.