Voloridge Investment Management LLC acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 161,235 shares of the shipping company's stock, valued at approximately $1,498,000. Voloridge Investment Management LLC owned about 0.10% of DHT as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in DHT by 84.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after acquiring an additional 1,265 shares during the period. Spire Wealth Management acquired a new stake in shares of DHT during the 4th quarter worth approximately $36,000. Banque Transatlantique SA bought a new stake in shares of DHT during the fourth quarter valued at approximately $37,000. Sterling Capital Management LLC increased its position in shares of DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after purchasing 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 valued at $71,000. Institutional investors own 58.53% of the company's stock.
DHT Price Performance
NYSE:DHT traded down $0.01 during trading hours on Monday, reaching $11.58. The company had a trading volume of 1,911,104 shares, compared to its average volume of 1,853,496. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $10.77 and a two-hundred day moving average of $10.49. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.32. The firm has a market capitalization of $1.86 billion, a PE ratio of 10.33 and a beta of -0.06.
DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The company 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 firm's revenue for the quarter was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. Analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.
DHT Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 21st. This represents a yield of 5.1%. DHT's dividend payout ratio is 54.55%.
Analyst Ratings Changes
DHT has been the topic of a number of recent research reports. 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 reduced their price objective 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 investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.94.
Read Our Latest Analysis on DHT
DHT Company Profile
(
Free Report)
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.
Further Reading
Before you consider DHT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DHT wasn't on the list.
While DHT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
