Lighthouse Investment Partners LLC Purchases 162,015 Shares of DHT Holdings, Inc. (NYSE:DHT)

Lighthouse Investment Partners LLC grew its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 171.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 256,632 shares of the shipping company's stock after purchasing an additional 162,015 shares during the quarter. Lighthouse Investment Partners LLC owned approximately 0.16% of DHT worth $2,384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DHT. DME Capital Management LP boosted its position in shares of DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after buying an additional 902,704 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of DHT during the 4th quarter valued at about $8,126,000. Victory Capital Management Inc. grew its stake in shares of DHT by 1,367.3% during the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after purchasing an additional 469,528 shares during the period. American Century Companies Inc. grew its stake in shares of DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after purchasing an additional 468,281 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of DHT during the 4th quarter valued at about $4,148,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating and set a $15.00 target price on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI reduced their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.94.

DHT Stock Performance

Shares of NYSE DHT traded up $0.19 during trading hours on Friday, reaching $11.77. The stock had a trading volume of 993,002 shares, compared to its average volume of 1,862,965. The firm has a 50-day moving average of $10.58 and a 200-day moving average of $10.39. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 10.50 and a beta of -0.06. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. The company had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter last year, the business posted $0.29 earnings per share. DHT's revenue was down 25.4% compared to the same quarter last year. Equities research analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

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

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.