XTX Topco Ltd Trims Stake in DHT Holdings, Inc. (NYSE:DHT)

XTX Topco Ltd trimmed its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 56.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,851 shares of the shipping company's stock after selling 65,998 shares during the period. XTX Topco Ltd's holdings in DHT were worth $534,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of DHT by 81.5% in the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock worth $25,000 after purchasing an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC raised 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 buying an additional 1,265 shares during the last quarter. CWM LLC boosted its holdings in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company's stock worth $32,000 after acquiring an additional 2,116 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of DHT in the fourth quarter worth $37,000. Finally, Sterling Capital Management LLC grew its stake 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 acquiring an additional 3,856 shares during the last quarter. Institutional investors own 58.53% of the company's stock.

DHT Stock Down 2.3%

Shares of DHT stock traded down $0.27 during mid-day trading on Friday, hitting $11.43. The company's stock had a trading volume of 1,489,528 shares, compared to its average volume of 1,784,135. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 9.69 and a beta of 0.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.59. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.32. The business has a 50-day moving average price of $11.31 and a 200 day moving average price of $10.98.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $92.80 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. Research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 18th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.4%. This is a positive change from DHT's previous quarterly dividend of $0.17. The ex-dividend date is Monday, August 18th. DHT's payout ratio is currently 50.85%.

Analysts Set New Price Targets

DHT has been the subject of several recent analyst reports. Evercore ISI lowered 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 restated a "buy" rating and set a $15.00 price objective on shares of DHT in a research note on Thursday. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.