XTX Topco Ltd Takes Position in DHT Holdings, Inc. (NYSE:DHT)

XTX Topco Ltd acquired a new position in DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,849 shares of the shipping company’s stock, valued at approximately $1,086,000.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after acquiring an additional 1,514 shares in the last quarter. Franklin Resources Inc. lifted its holdings in DHT by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock worth $498,000 after purchasing an additional 1,740 shares during the last quarter. Russell Investments Group Ltd. boosted its position in DHT by 0.4% during the fourth quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company’s stock worth $5,134,000 after purchasing an additional 2,277 shares during the period. Sterling Capital Management LLC grew its holdings in DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 3,856 shares during the last quarter. Finally, Spire Wealth Management bought a new position in shares of DHT in the fourth quarter valued at approximately $36,000. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Stock Performance

Shares of NYSE DHT opened at $9.90 on Wednesday. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.60 billion, a P/E ratio of 8.84 and a beta of -0.06. The business’s 50 day moving average is $10.57 and its two-hundred day moving average is $10.46.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, equities analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is presently 60.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price objective on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.68.

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.