DHT Holdings, Inc. (NYSE:DHT) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 194.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 562,743 shares of the shipping company’s stock after acquiring an additional 371,420 shares during the period. Cubist Systematic Strategies LLC’s holdings in DHT were worth $6,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in DHT in the 1st quarter valued at approximately $51,000. Summit Securities Group LLC acquired a new stake in shares of DHT in the second quarter valued at $78,000. Blue Trust Inc. raised its holdings in shares of DHT by 41,626.3% in the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares during the period. XTX Topco Ltd acquired a new position in DHT during the 2nd quarter worth about $124,000. Finally, Point72 DIFC Ltd lifted 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 acquiring an additional 4,485 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on DHT shares. StockNews.com downgraded DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Stifel Nicolaus lifted their price objective on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, DHT presently has a consensus rating of “Hold” and an average target price of $14.67.

DHT Price Performance

DHT stock opened at $11.07 on Friday. DHT Holdings, Inc. has a 1 year low of $9.28 and a 1 year high of $12.80. The firm has a market capitalization of $1.79 billion, a P/E ratio of 10.54 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.33. The business’s 50-day moving average is $11.03 and its two-hundred day moving average is $11.37.

DHT (NYSE:DHT) last issued its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a return on equity of 15.19% and a net margin of 27.45%. The firm had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $102.75 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s revenue was down 8.2% compared to the same quarter last year. Analysts anticipate that DHT Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio (DPR) is 102.86%.

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.