Quadrature Capital Ltd Has $170,000 Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Quadrature Capital Ltd cut its position in DHT Holdings, Inc. (NYSE:DHT) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,335 shares of the shipping company’s stock after selling 10,710 shares during the period. Quadrature Capital Ltd’s holdings in DHT were worth $170,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DHT. National Bank of Canada FI grew its stake in shares of DHT by 150.0% in the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock valued at $50,000 after buying an additional 3,000 shares during the period. McIlrath & Eck LLC bought a new position in DHT in the 3rd quarter valued at about $52,000. Capital Performance Advisors LLP bought a new position in DHT in the 4th quarter valued at about $98,000. Granite Bay Wealth Management LLC bought a new position in DHT in the 4th quarter valued at about $111,000. Finally, Raymond James & Associates bought a new position in DHT in the 4th quarter valued at about $128,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Price Performance

DHT stock opened at $11.81 on Friday. DHT Holdings, Inc. has a 52 week low of $7.93 and a 52 week high of $12.80. The company’s 50 day moving average price is $11.81 and its two-hundred day moving average price is $11.21. The company has a quick ratio of 2.69, a current ratio of 3.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.90 billion, a P/E ratio of 11.24 and a beta of -0.32.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, May 14th. The shipping company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). DHT had a return on equity of 16.34% and a net margin of 29.58%. The firm had revenue of $106.30 million for the quarter, compared to the consensus estimate of $106.87 million. During the same period in the prior year, the business earned $0.23 EPS. DHT’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts predict that DHT Holdings, Inc. will post 1.49 earnings per share for the current year.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date was Thursday, May 23rd. This is a boost from DHT’s previous quarterly dividend of $0.22. DHT’s payout ratio is 110.48%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHT. Jefferies Financial Group raised shares of DHT from a “hold” rating to a “buy” rating and raised their price target for the company from $11.00 to $14.00 in a research report on Thursday, March 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price target on shares of DHT in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

DHT 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.