Barclays PLC Has $2.08 Million Stock Position in DHT Holdings, Inc. (NYSE:DHT)

Barclays PLC lifted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 229.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 188,899 shares of the shipping company’s stock after acquiring an additional 131,551 shares during the quarter. Barclays PLC’s holdings in DHT were worth $2,083,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DHT. Public Employees Retirement System of Ohio bought a new position in DHT during the 3rd quarter worth $1,373,000. Y Intercept Hong Kong Ltd lifted its position in shares of DHT by 10.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 67,293 shares of the shipping company’s stock valued at $742,000 after acquiring an additional 6,150 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of DHT during the 3rd quarter worth $264,000. Wolverine Trading LLC bought a new position in shares of DHT in the third quarter worth $236,000. Finally, Two Sigma Advisers LP raised its stake in DHT by 15.7% in the third 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 in the last quarter. 58.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a research report on Friday, September 27th. Kepler Capital Markets cut 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. BTIG Research began coverage on DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.54.

DHT Price Performance

Shares of NYSE DHT opened at $9.32 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The firm’s 50-day simple moving average is $10.01 and its 200 day simple moving average is $10.78. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 9.32 and a beta of -0.37. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80.

DHT (NYSE:DHT) last posted its 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. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter last year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s dividend payout ratio is currently 88.00%.

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.