Glenorchy Capital Ltd Acquires New Holdings in DHT Holdings, Inc. (NYSE:DHT)

Glenorchy Capital Ltd acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 273,563 shares of the shipping company's stock, valued at approximately $2,684,000. DHT accounts for about 1.0% of Glenorchy Capital Ltd's holdings, making the stock its 12th largest position. Glenorchy Capital Ltd owned approximately 0.17% of DHT at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its stake in DHT by 42.5% during the third quarter. FMR LLC now owns 16,122,321 shares of the shipping company's stock worth $166,060,000 after purchasing an additional 4,808,258 shares during the period. Hosking Partners LLP boosted its holdings in shares of DHT by 10.8% in the third quarter. Hosking Partners LLP now owns 4,353,514 shares of the shipping company's stock valued at $44,841,000 after acquiring an additional 423,836 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of DHT by 24.4% in the third quarter. Acadian Asset Management LLC now owns 3,439,131 shares of the shipping company's stock valued at $35,399,000 after acquiring an additional 675,337 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of DHT by 4,118.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 2,670,200 shares of the shipping company's stock worth $27,503,000 after purchasing an additional 2,606,900 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of DHT by 18,647.9% during the third quarter. LSV Asset Management now owns 1,218,614 shares of the shipping company's stock worth $12,552,000 after purchasing an additional 1,212,114 shares during the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHT has been the subject of several research analyst reports. Truist Financial increased their price objective on DHT from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. TheStreet upgraded DHT from a "c+" rating to a "b-" rating in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded DHT from a "hold" rating to a "buy" rating and raised their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

DHT Price Performance

Shares of DHT traded up $0.13 during trading hours on Tuesday, hitting $11.33. The stock had a trading volume of 1,209,259 shares, compared to its average volume of 1,834,056. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.45 and a beta of -0.33. DHT Holdings, Inc. has a 52 week low of $7.30 and a 52 week high of $11.95. The company's fifty day moving average is $11.23 and its two-hundred day moving average is $10.75.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $94.50 million during the quarter, compared to analysts' expectations of $95.78 million. DHT had a net margin of 28.78% and a return on equity of 15.52%. The business's revenue for the quarter was down 19.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, analysts anticipate that DHT Holdings, Inc. will post 1.56 EPS for the current year.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from DHT's previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 7.77%. DHT's dividend payout ratio is 88.89%.

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.

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