DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 78.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 743,379 shares of the shipping company’s stock after acquiring an additional 327,442 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.46% of DHT worth $6,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management purchased a new position in DHT in the fourth quarter valued at about $36,000. Sunbelt Securities Inc. purchased a new position in shares of DHT during the 3rd quarter valued at approximately $50,000. New Age Alpha Advisors LLC acquired a new stake in shares of DHT during the fourth quarter worth approximately $71,000. SBI Securities Co. Ltd. bought a new stake in shares of DHT in the fourth quarter worth $108,000. Finally, Ieq Capital LLC acquired a new stake in DHT in the fourth quarter valued at $116,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Trading Down 5.6 %

DHT stock opened at $9.44 on Monday. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The firm’s 50-day moving average is $10.81 and its 200-day moving average is $10.51. 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 company has a market cap of $1.52 billion, a P/E ratio of 8.43 and a beta of -0.06.

DHT (NYSE:DHT) last issued its 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%. On average, equities analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 7.20%. DHT’s dividend payout ratio is currently 60.71%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DHT shares. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. Jefferies Financial Group increased their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average target price of $12.68.

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.