Mariner LLC Purchases 32,757 Shares of DHT Holdings, Inc. (NYSE:DHT)

Mariner LLC lifted its position in DHT Holdings, Inc. (NYSE:DHT) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,422 shares of the shipping company’s stock after acquiring an additional 32,757 shares during the quarter. Mariner LLC owned 0.22% of DHT worth $3,265,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of DHT in the 4th quarter worth approximately $36,000. Sterling Capital Management LLC lifted its holdings in DHT by 822.2% during 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. New Age Alpha Advisors LLC bought a new stake in DHT during the 4th quarter valued at $71,000. SBI Securities Co. Ltd. purchased a new position in shares of DHT in the 4th quarter valued at $108,000. Finally, Ieq Capital LLC bought a new position in shares of DHT in the 4th quarter worth $116,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Down 3.4 %

Shares of DHT stock opened at $10.07 on Tuesday. The stock’s fifty day moving average price is $10.49 and its 200 day moving average price is $10.42. 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 1-year low of $8.67 and a 1-year high of $12.80. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 8.99 and a beta of -0.06.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.75%. DHT’s payout ratio is currently 60.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their target price on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.68.

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.