Marshall Wace LLP Acquires 264,103 Shares of DHT Holdings, Inc. (NYSE:DHT)

Marshall Wace LLP raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 115.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,563 shares of the shipping company's stock after acquiring an additional 264,103 shares during the period. Marshall Wace LLP owned about 0.31% of DHT worth $4,576,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of DHT by 1,367.3% in the fourth 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 last quarter. American Century Companies Inc. increased its stake in DHT by 13.1% in 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 buying an additional 468,281 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in DHT in the 4th quarter valued at about $4,148,000. Arrowstreet Capital Limited Partnership lifted its position in shares of DHT by 78.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company's stock worth $6,906,000 after buying an additional 327,442 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of DHT in the 4th quarter worth approximately $2,835,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

NYSE:DHT traded up $0.01 during trading hours on Wednesday, reaching $10.69. The stock had a trading volume of 1,741,640 shares, compared to its average volume of 1,882,008. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The stock has a market cap of $1.72 billion, a P/E ratio of 9.54 and a beta of -0.06. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The stock has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.37.

DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on DHT. Jefferies Financial Group lifted their price target on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Evercore ISI lowered their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, DHT presently has an average rating of "Moderate Buy" and a consensus price target of $12.74.

DHT Company 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.