DHT Holdings, Inc. (NYSE:DHT) Short Interest Down 5.8% in December

DHT Holdings, Inc. (NYSE:DHT) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 5,330,000 shares, a drop of 5.8% from the November 30th total of 5,660,000 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 1,670,000 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analyst Weigh In

DHT has been the subject of several analyst reports. Kepler Capital Markets lowered 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 assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 target price on shares of DHT in a research report on Wednesday, November 13th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus decreased their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, DHT currently has a consensus rating of “Moderate Buy” and an average price target of $13.54.

Hedge Funds Weigh In On DHT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP acquired a new position in shares of DHT during the third quarter worth $55,472,000. FMR LLC increased its stake in DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after buying an additional 2,195,916 shares during the period. Acadian Asset Management LLC lifted its holdings in DHT by 43.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock worth $39,184,000 after buying an additional 1,032,832 shares in the last quarter. American Century Companies Inc. boosted its position in DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after buying an additional 873,356 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of DHT by 1,144.6% during the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock valued at $7,487,000 after acquiring an additional 624,266 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Trading Up 1.2 %

Shares of DHT stock opened at $9.29 on Thursday. 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 has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The firm’s 50 day moving average price is $9.83 and its two-hundred day moving average price is $10.70. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 9.29 and a beta of -0.37.

DHT (NYSE:DHT) last announced 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. The firm had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. On average, analysts anticipate that DHT will post 1 EPS for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is presently 88.00%.

About DHT

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.