EMC Capital Management Has $318,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

EMC Capital Management increased its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 247.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,238 shares of the shipping company’s stock after purchasing an additional 24,377 shares during the period. EMC Capital Management’s holdings in DHT were worth $318,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of DHT by 10.0% in the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after buying an additional 2,195,916 shares in the last quarter. Wasatch Advisors LP bought a new stake in DHT in the third quarter valued at about $55,472,000. Two Sigma Advisers LP raised its position 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 worth $23,194,000 after purchasing an additional 284,900 shares in the last quarter. M&G PLC lifted its stake in DHT by 1.4% during the third quarter. M&G PLC now owns 1,204,231 shares of the shipping company’s stock worth $13,247,000 after purchasing an additional 16,736 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in 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 purchasing an additional 624,266 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Price Performance

DHT stock opened at $11.14 on Thursday. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The business’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $10.59. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 11.11 and a beta of -0.38.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.90%. DHT’s dividend payout ratio is 88.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DHT shares. BTIG Research initiated coverage on DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group reissued a “buy” rating and set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reduced their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and an average price target of $13.54.

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.