DHT Holdings, Inc. (NYSE:DHT) Position Lessened by XTX Topco Ltd

XTX Topco Ltd cut its holdings in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 56.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,851 shares of the shipping company's stock after selling 65,998 shares during the quarter. XTX Topco Ltd's holdings in DHT were worth $534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHT. GAMMA Investing LLC grew its stake in DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares during the last quarter. Tower Research Capital LLC TRC raised 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 buying an additional 1,265 shares during the period. CWM LLC raised its stake in shares of DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company's stock worth $32,000 after buying an additional 2,116 shares during the period. Banque Transatlantique SA acquired a new position in shares of DHT during the 4th quarter worth approximately $37,000. Finally, Sterling Capital Management LLC raised its stake in shares of DHT by 822.2% during the 4th 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. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI dropped their price target on 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 reiterated a "buy" rating and set a $15.00 price target on shares of DHT in a report on Thursday. Three 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Price Performance

Shares of NYSE DHT traded down $0.27 during trading on Friday, reaching $11.43. The company had a trading volume of 1,489,528 shares, compared to its average volume of 1,234,289. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.32. The stock has a market capitalization of $1.84 billion, a PE ratio of 9.69 and a beta of 0.02. The stock has a 50-day moving average price of $11.30 and a two-hundred day moving average price of $10.99. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analysts' expectations of $95.41 million. DHT had a return on equity of 16.52% and a net margin of 36.58%. DHT's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, sell-side analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Monday, August 18th. This is an increase from DHT's previous quarterly dividend of $0.17. DHT's dividend payout ratio is 50.85%.

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.