Quadrature Capital Ltd Cuts Position in DHT Holdings, Inc. (NYSE:DHT)

Quadrature Capital Ltd reduced its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 76.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,936 shares of the shipping company’s stock after selling 47,436 shares during the quarter. Quadrature Capital Ltd’s holdings in DHT were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Quarry LP lifted its holdings in shares of DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 3,717 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after acquiring an additional 2,361 shares in the last quarter. Summit Securities Group LLC acquired a new stake in DHT in the second quarter worth about $78,000. Point72 Hong Kong Ltd purchased a new stake in shares of DHT during the second quarter worth about $80,000. Finally, Blue Trust Inc. increased its holdings in shares of DHT by 41,626.3% during the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after acquiring an additional 7,909 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHT has been the subject of a number of recent analyst reports. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus dropped their price objective 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. Jefferies Financial Group restated a “buy” rating and issued a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. Finally, BTIG Research started coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.50.

DHT Stock Down 2.8 %

Shares of DHT opened at $9.10 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of 9.10 and a beta of -0.37. DHT Holdings, Inc. has a 12 month low of $9.06 and a 12 month high of $12.80. The stock’s 50 day moving average is $10.52 and its two-hundred day moving average is $10.98. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analysts’ expectations of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 9.68%. DHT’s payout ratio is currently 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.