Capital Fund Management S.A. Increases Stake in DHT Holdings, Inc. (NYSE:DHT)

Capital Fund Management S.A. lifted its stake in DHT Holdings, Inc. (NYSE:DHT) by 55.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 418,890 shares of the shipping company’s stock after buying an additional 149,713 shares during the quarter. Capital Fund Management S.A.’s holdings in DHT were worth $3,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHT. Victory Capital Management Inc. increased its holdings in DHT by 1,367.3% in the 4th quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock valued at $4,681,000 after acquiring an additional 469,528 shares during the last quarter. American Century Companies Inc. grew its position in shares of DHT by 13.1% during the fourth quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company’s stock valued at $37,658,000 after purchasing an additional 468,281 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of DHT in the fourth quarter worth about $4,148,000. Arrowstreet Capital Limited Partnership lifted its position in shares of DHT by 78.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 743,379 shares of the shipping company’s stock worth $6,906,000 after buying an additional 327,442 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in DHT during the fourth quarter valued at approximately $2,835,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

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

DHT Stock Up 7.9 %

Shares of NYSE:DHT opened at $10.61 on Monday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 9.48 and a beta of -0.06. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $10.63 and a 200 day moving average price of $10.47.

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 return on equity of 17.42% and a net margin of 31.72%. As a group, equities research analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s payout ratio is 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.