J. Goldman & Co LP Invests $710,000 in DHT Holdings, Inc. (NYSE:DHT)

J. Goldman & Co LP purchased a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 76,426 shares of the shipping company's stock, valued at approximately $710,000.

A number of other hedge funds have also recently made changes to their positions in DHT. Tower Research Capital LLC TRC lifted its position in shares of 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. Spire Wealth Management purchased a new stake in shares of DHT during the fourth quarter valued at about $36,000. Banque Transatlantique SA purchased a new stake in shares of DHT during the fourth quarter valued at about $37,000. Sterling Capital Management LLC lifted 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 buying an additional 3,856 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of DHT during the fourth quarter valued at about $71,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Performance

DHT stock traded up $0.21 during mid-day trading on Thursday, hitting $11.59. The company had a trading volume of 1,506,936 shares, compared to its average volume of 1,876,751. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The company's fifty day moving average is $10.53 and its 200-day moving average is $10.38. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.35 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The business's quarterly revenue was down 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Equities research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on DHT. Evercore ISI decreased 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 set a $15.00 price target on shares of DHT in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.