XTX Topco Ltd Acquires New Stake in DHT Holdings, Inc. (NYSE:DHT)

XTX Topco Ltd acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,682 shares of the shipping company’s stock, valued at approximately $124,000.

A number of other large investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of DHT during the 1st quarter valued at approximately $51,000. Summit Securities Group LLC purchased a new stake in shares of DHT during the second quarter worth $78,000. Blue Trust Inc. boosted its holdings in shares of DHT by 41,626.3% in the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock worth $91,000 after acquiring an additional 7,909 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of DHT in the first quarter worth $144,000. Finally, Lazard Asset Management LLC grew its position in shares of DHT by 79.6% in the first quarter. Lazard Asset Management LLC now owns 12,522 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 5,549 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Performance

NYSE:DHT opened at $11.22 on Wednesday. The stock has a market cap of $1.81 billion, a P/E ratio of 10.69 and a beta of -0.36. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $11.00 and its two-hundred day moving average price is $11.38. DHT Holdings, Inc. has a twelve month low of $9.28 and a twelve month high of $12.80.

DHT (NYSE:DHT) last announced its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts predict that DHT Holdings, Inc. will post 1.14 EPS 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 was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 9.63%. DHT’s dividend payout ratio is presently 102.86%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

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.