Clear Harbor Asset Management LLC Buys New Holdings in DHT Holdings, Inc. (NYSE:DHT)

Clear Harbor Asset Management LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,525 shares of the shipping company’s stock, valued at approximately $154,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after acquiring an additional 2,195,916 shares in the last quarter. Wasatch Advisors LP acquired a new stake in DHT during the third quarter valued at approximately $55,472,000. Two Sigma Advisers LP grew its stake in shares of DHT by 15.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock valued at $23,194,000 after purchasing an additional 284,900 shares during the period. M&G PLC raised its holdings in shares of DHT by 1.4% in the 3rd quarter. M&G PLC now owns 1,204,231 shares of the shipping company’s stock worth $13,247,000 after buying an additional 16,736 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of DHT by 1,144.6% during the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after buying an additional 624,266 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Stock Up 3.8 %

Shares of DHT opened at $10.70 on Thursday. The business’s fifty day moving average price is $9.84 and its two-hundred day moving average price is $10.59. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.70 and a beta of -0.38. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter last year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a $0.22 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 8.22%. DHT’s dividend payout ratio is currently 88.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Stifel Nicolaus decreased their price objective 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. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. Finally, BTIG Research began coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.54.

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.