DHT Holdings, Inc. (NYSE:DHT) Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its holdings in DHT Holdings, Inc. (NYSE:DHT) by 171.2% during the 4th quarter, Holdings Channel reports. The firm owned 256,632 shares of the shipping company’s stock after buying an additional 162,015 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in DHT were worth $2,384,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DHT. Barclays PLC grew its holdings in DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock valued at $2,083,000 after purchasing an additional 131,551 shares during the period. Franklin Resources Inc. grew its holdings in DHT by 8.4% in the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after purchasing an additional 4,000 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of DHT in the fourth quarter worth approximately $154,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted 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 worth $136,000 after acquiring an additional 4,290 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of DHT by 56.3% in the fourth quarter. Blue Trust Inc. now owns 23,245 shares of the shipping company’s stock worth $216,000 after acquiring an additional 8,374 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Stock Performance

NYSE DHT opened at $11.32 on Wednesday. The stock’s fifty day moving average is $10.51 and its two-hundred day moving average is $10.37. The firm has a market capitalization of $1.82 billion, a P/E ratio of 10.11 and a beta of -0.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The firm’s revenue for the quarter was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, research analysts anticipate that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DHT shares. Evercore ISI lowered their price target on DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of DHT in a research note on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.94.

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.