Millennium Management LLC Raises Position in DHT Holdings, Inc. (NYSE:DHT)

Millennium Management LLC raised its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 129.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,507 shares of the shipping company's stock after buying an additional 39,231 shares during the period. Millennium Management LLC's holdings in DHT were worth $646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHT. DME Capital Management LP raised its holdings in shares of DHT by 20.8% in the 4th quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after purchasing an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of DHT in the 4th quarter valued at $8,126,000. Victory Capital Management Inc. raised its holdings in shares of DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after purchasing an additional 469,528 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of DHT by 13.1% in 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DHT in the 4th quarter valued at $4,148,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DHT. Jefferies Financial Group reiterated a "buy" rating and set a $15.00 price target on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI cut 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 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Trading Down 1.6%

NYSE DHT opened at $11.38 on Friday. 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 $1.83 billion, a PE ratio of 10.16 and a beta of 0.07. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.32. The firm's fifty day moving average is $10.84 and its two-hundred day moving average is $10.51.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million for 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 business's quarterly revenue was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

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

DHT Company 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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