Point72 Hong Kong Ltd Acquires Shares of 6,914 DHT Holdings, Inc. (NYSE:DHT)

Point72 Hong Kong Ltd bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,914 shares of the shipping company’s stock, valued at approximately $80,000.

Several other large investors also recently modified their holdings of the business. ProShare Advisors LLC lifted its holdings in DHT by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock worth $280,000 after buying an additional 1,640 shares during the period. MQS Management LLC lifted its stake in DHT by 7.3% in the second quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock worth $283,000 after acquiring an additional 1,662 shares during the period. Pinion Investment Advisors LLC boosted its holdings in DHT by 6.3% in the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company’s stock valued at $540,000 after acquiring an additional 2,773 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in DHT by 6.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 70,308 shares of the shipping company’s stock valued at $813,000 after purchasing an additional 4,081 shares during the period. Finally, Headlands Technologies LLC bought a new position in DHT in the 1st quarter worth $51,000. 58.53% of the stock is owned by institutional investors.

DHT Stock Up 0.1 %

NYSE:DHT opened at $11.08 on Friday. DHT Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80. The company has a market capitalization of $1.79 billion, a PE ratio of 10.55 and a beta of -0.36. The firm’s 50-day moving average price is $11.02 and its 200-day moving average price is $11.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.33.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 9.75%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio (DPR) is 102.86%.

Wall Street Analysts Forecast Growth

DHT has been the topic of a number of research reports. StockNews.com cut shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Stifel Nicolaus lifted their price objective on DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, DHT currently has a consensus rating of “Hold” and a consensus target price of $14.67.

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.