Point72 DIFC Ltd Has $130,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

Point72 DIFC Ltd raised its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 66.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,237 shares of the shipping company’s stock after purchasing an additional 4,485 shares during the period. Point72 DIFC Ltd’s holdings in DHT were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DHT. Headlands Technologies LLC acquired a new stake in shares of DHT in the 1st quarter valued at approximately $51,000. Summit Securities Group LLC acquired a new stake in shares of DHT in the 2nd quarter valued at approximately $78,000. Blue Trust Inc. raised its position in shares of DHT by 41,626.3% in the 2nd 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 during the period. XTX Topco Ltd acquired a new stake in shares of DHT in the 2nd quarter valued at approximately $124,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of DHT in the 1st quarter valued at approximately $144,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Price Performance

NYSE DHT opened at $11.08 on Friday. The business has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $11.37. DHT Holdings, Inc. has a 52-week low of $9.28 and a 52-week high of $12.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 10.55 and a beta of -0.36.

DHT (NYSE:DHT) last posted its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $103.70 million for 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%. DHT’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Analysts anticipate that DHT Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

DHT Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHT shares. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Stifel Nicolaus increased their price target on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DHT currently has an average rating of “Hold” and a consensus target price of $14.67.

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.