XTX Topco Ltd Purchases Shares of 116,849 DHT Holdings, Inc. (NYSE:DHT)

XTX Topco Ltd acquired a new position in DHT Holdings, Inc. (NYSE:DHT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 116,849 shares of the shipping company's stock, valued at approximately $1,086,000. XTX Topco Ltd owned 0.07% of DHT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mariner LLC raised its holdings in DHT by 10.3% in the 4th quarter. Mariner LLC now owns 351,422 shares of the shipping company's stock valued at $3,265,000 after buying an additional 32,757 shares during the period. Barclays PLC lifted its holdings in shares of DHT by 16.5% in the 4th quarter. Barclays PLC now owns 219,998 shares of the shipping company's stock worth $2,044,000 after acquiring an additional 31,099 shares during the last quarter. Townsquare Capital LLC purchased a new position in shares of DHT during the 4th quarter worth approximately $127,000. Sterling Capital Management LLC increased its holdings in DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after purchasing an additional 3,856 shares during the last quarter. Finally, Capital Fund Management S.A. raised its position in DHT by 55.6% in the fourth quarter. Capital Fund Management S.A. now owns 418,890 shares of the shipping company's stock valued at $3,891,000 after purchasing an additional 149,713 shares during the period. Hedge funds and other institutional investors own 58.53% of the company's stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their price objective on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, DHT has an average rating of "Moderate Buy" and a consensus target price of $12.68.

DHT Stock Down 2.2 %

NYSE DHT traded down $0.23 during trading hours on Monday, hitting $10.20. 161,971 shares of the company were exchanged, compared to its average volume of 1,871,061. The company has a 50 day moving average of $10.51 and a two-hundred day moving average of $10.43. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 9.10 and a beta of -0.06. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80.

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

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT's dividend payout ratio is presently 60.71%.

About DHT

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.