Clear Harbor Asset Management LLC Buys Shares of 16,525 DHT Holdings, Inc. (NYSE:DHT)

Clear Harbor Asset Management LLC bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,525 shares of the shipping company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DHT. State of New Jersey Common Pension Fund D grew its holdings in DHT by 8.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 61,280 shares of the shipping company’s stock valued at $709,000 after purchasing an additional 4,861 shares during the period. XTX Topco Ltd bought a new position in shares of DHT during the second quarter worth $124,000. Sei Investments Co. increased its position in shares of DHT by 95.5% in the 2nd quarter. Sei Investments Co. now owns 161,779 shares of the shipping company’s stock valued at $1,872,000 after buying an additional 79,014 shares in the last quarter. Point72 DIFC Ltd raised its stake in DHT by 66.4% during the 2nd quarter. Point72 DIFC Ltd now owns 11,237 shares of the shipping company’s stock worth $130,000 after buying an additional 4,485 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in DHT by 194.1% during the second quarter. Cubist Systematic Strategies LLC now owns 562,743 shares of the shipping company’s stock worth $6,511,000 after acquiring an additional 371,420 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Fearnley Fonds raised DHT to a “strong-buy” rating in a research note on Friday, September 27th. Stifel Nicolaus cut their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, BTIG Research assumed coverage on shares of DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock. Three equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.54.

DHT Stock Performance

Shares of DHT stock opened at $10.70 on Thursday. The firm has a market cap of $1.73 billion, a PE ratio of 10.70 and a beta of -0.38. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The company’s fifty day simple moving average is $9.84 and its 200-day simple moving average is $10.59. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. Equities research analysts expect that DHT Holdings, Inc. will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 8.22%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is 88.00%.

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.