Barclays PLC Has $2.08 Million Stock Holdings in DHT Holdings, Inc. (NYSE:DHT)

Barclays PLC boosted its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 229.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,899 shares of the shipping company’s stock after purchasing an additional 131,551 shares during the period. Barclays PLC owned 0.12% of DHT worth $2,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in DHT by 10.0% in the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. Wasatch Advisors LP bought a new position in shares of DHT during the 3rd quarter valued at $55,472,000. Acadian Asset Management LLC lifted its stake in shares of DHT by 43.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock valued at $39,184,000 after purchasing an additional 1,032,832 shares during the last quarter. American Century Companies Inc. boosted its holdings in DHT by 43.8% in the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after purchasing an additional 873,356 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in DHT by 15.7% during the third quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock worth $23,194,000 after buying an additional 284,900 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

DHT stock opened at $9.32 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a market cap of $1.50 billion, a P/E ratio of 9.32 and a beta of -0.37. The business’s fifty day moving average is $10.01 and its 200-day moving average is $10.78.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping 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 company had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same quarter last year, the firm posted $0.19 earnings per share. DHT’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s payout ratio is 88.00%.

Analyst Ratings Changes

DHT has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Fearnley Fonds raised DHT to a “strong-buy” rating in a report on Friday, September 27th. Jefferies Financial Group restated a “buy” rating and set a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus cut their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $13.54.

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.