Squarepoint Ops LLC Has $2.35 Million Position in DHT Holdings, Inc. (NYSE:DHT)

Squarepoint Ops LLC boosted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1,109.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252,436 shares of the shipping company's stock after purchasing an additional 231,572 shares during the period. Squarepoint Ops LLC owned approximately 0.16% of DHT worth $2,345,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 1,265 shares in the last quarter. Spire Wealth Management acquired a new stake in DHT during the 4th quarter worth about $36,000. Banque Transatlantique SA purchased a new stake in DHT during the fourth quarter valued at about $37,000. Sterling Capital Management LLC boosted its holdings in shares of DHT by 822.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after buying an additional 3,856 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of DHT in the fourth quarter worth about $71,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Up 1.8%

Shares of NYSE:DHT traded up $0.21 during midday trading on Friday, hitting $11.60. 1,306,083 shares of the stock were exchanged, compared to its average volume of 1,853,158. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.32. The business's fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $10.48. 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 company has a market capitalization of $1.86 billion, a PE ratio of 10.36 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. The company's revenue for the quarter was down 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. As a group, research analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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 research report on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and issued a $15.00 target price on shares of DHT in a report on Wednesday, May 7th. Three investment 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 stock. Based on data from MarketBeat, DHT presently has a consensus rating of "Moderate Buy" and an average price target of $12.94.

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.