Diametric Capital LP Makes New $305,000 Investment in DHT Holdings, Inc. (NYSE:DHT)

Diametric Capital LP acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,852 shares of the shipping company’s stock, valued at approximately $305,000.

A number of other large investors have also made changes to their positions in the stock. Stifel Financial Corp raised its holdings in DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock valued at $235,000 after acquiring an additional 1,514 shares in the last quarter. Franklin Resources Inc. increased its position in shares of DHT by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock valued at $498,000 after purchasing an additional 1,740 shares during the period. Spire Wealth Management bought a new stake in shares of DHT during the fourth quarter valued at approximately $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of DHT by 41.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company’s stock valued at $136,000 after purchasing an additional 4,290 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in DHT by 1.6% in the fourth quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock worth $2,559,000 after purchasing an additional 4,454 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DHT shares. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a report on Thursday, December 12th. Jefferies Financial Group upped their target price on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Three 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.68.

DHT Stock Performance

Shares of NYSE:DHT opened at $10.57 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The business’s fifty day moving average price is $10.87 and its two-hundred day moving average price is $10.54. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.43 and a beta of -0.38.

DHT (NYSE:DHT) 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%. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s payout ratio is 60.71%.

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.