Quarry LP Buys 3,717 Shares of DHT Holdings, Inc. (NYSE:DHT)

Quarry LP grew its stake in DHT Holdings, Inc. (NYSE:DHT) by 2,494.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,866 shares of the shipping company’s stock after acquiring an additional 3,717 shares during the period. Quarry LP’s holdings in DHT were worth $45,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in DHT by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after purchasing an additional 1,172 shares during the period. ProShare Advisors LLC grew its holdings in DHT by 7.2% during the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock worth $280,000 after purchasing an additional 1,640 shares during the period. MQS Management LLC grew its holdings in DHT by 7.3% during the second quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock worth $283,000 after purchasing an additional 1,662 shares during the period. Pinion Investment Advisors LLC grew its holdings in DHT by 6.3% during the second quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company’s stock worth $540,000 after purchasing an additional 2,773 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its holdings in DHT by 6.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 70,308 shares of the shipping company’s stock worth $813,000 after purchasing an additional 4,081 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Trading Down 1.2 %

Shares of DHT stock opened at $11.90 on Friday. The firm has a 50 day moving average price of $11.00 and a two-hundred day moving average price of $11.39. 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 company has a market capitalization of $1.92 billion, a PE ratio of 11.33 and a beta of -0.36. DHT Holdings, Inc. has a 12-month low of $9.28 and a 12-month high of $12.80.

DHT (NYSE:DHT) last released its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The business had revenue of $103.70 million during the quarter, compared to analyst estimates of $102.75 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. As a group, analysts predict that DHT Holdings, Inc. will post 1.14 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.08%. DHT’s payout ratio is 102.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHT. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a report on Friday, September 27th. Stifel Nicolaus raised their price objective on shares of DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.