Raiffeisen Bank International AG Takes $925,000 Position in DHT Holdings, Inc. (NYSE:DHT)

Raiffeisen Bank International AG acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 100,750 shares of the shipping company's stock, valued at approximately $925,000. Raiffeisen Bank International AG owned approximately 0.06% of DHT at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHT. Tower Research Capital LLC TRC lifted its position in shares of DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after acquiring an additional 1,265 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of DHT in the fourth quarter valued at $36,000. Banque Transatlantique SA acquired a new stake in shares of DHT in the fourth quarter worth $37,000. Sterling Capital Management LLC boosted its position 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 buying an additional 3,856 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of DHT during the fourth quarter valued at $71,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, DHT has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Stock Down 1.8%

DHT traded down $0.21 during trading on Thursday, reaching $11.34. 409,501 shares of the stock traded hands, compared to its average volume of 1,850,980. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.64. The stock's 50-day simple moving average is $10.66 and its two-hundred day simple moving average is $10.42. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 10.11 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The firm had revenue of $79.34 million during the quarter, compared to analysts' expectations of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. The company's revenue was down 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd will be paid a $0.15 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 21st. DHT's payout ratio is presently 54.55%.

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.