DHT Holdings, Inc. (NYSE:DHT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,780,400 shares of the shipping company's stock after selling 322,400 shares during the quarter. Two Sigma Advisers LP owned about 1.10% of DHT worth $16,540,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position 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 valued at $26,000 after buying an additional 1,265 shares during the period. Franklin Resources Inc. raised its position in DHT by 3.4% in the fourth 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 raised its position in DHT by 9.1% in the fourth 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. raised its position in DHT by 0.4% in the fourth 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 raised its position in DHT by 5.0% in the fourth 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. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Stock Up 1.2%

Shares of NYSE:DHT traded up $0.14 during trading on Tuesday, hitting $11.83. The company's stock had a trading volume of 466,158 shares, compared to its average volume of 1,850,484. The business has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $10.45. The company has a market capitalization of $1.90 billion, a PE ratio of 10.57 and a beta of -0.06. 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 Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.32.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly 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%. The company's quarterly 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 earnings per share. As a group, research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Dividend Announcement

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

Analyst Upgrades and Downgrades

DHT has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 target price on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI cut their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to 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.