AQR Capital Management LLC Has $2.37 Million Position in DHT Holdings, Inc. (NYSE:DHT)

AQR Capital Management LLC boosted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 34.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,988 shares of the shipping company’s stock after acquiring an additional 52,803 shares during the quarter. AQR Capital Management LLC owned 0.13% of DHT worth $2,372,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenlight Capital Inc. grew its holdings in shares of DHT by 86.7% in the 4th quarter. Greenlight Capital Inc. now owns 3,779,880 shares of the shipping company’s stock worth $37,081,000 after purchasing an additional 1,755,060 shares during the last quarter. Acadian Asset Management LLC grew its stake in DHT by 43.8% during the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock worth $39,184,000 after buying an additional 1,032,832 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of DHT by 43.8% during the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after buying an additional 873,356 shares in the last quarter. LSV Asset Management raised its stake in shares of DHT by 28.8% in the second quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company’s stock valued at $17,755,000 after acquiring an additional 343,100 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of DHT in the 1st quarter worth approximately $16,417,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Trading Down 1.2 %

DHT stock opened at $11.91 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. DHT Holdings, Inc. has a twelve month low of $9.28 and a twelve month high of $12.80. The company has a market cap of $1.92 billion, a P/E ratio of 11.34 and a beta of -0.36. The business has a fifty day moving average of $11.02 and a 200-day moving average of $11.40.

DHT (NYSE:DHT) last released its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $102.75 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities research analysts expect that DHT Holdings, Inc. will post 1.14 EPS for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 9.07%. The ex-dividend date was Friday, August 23rd. DHT’s payout ratio is 102.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DHT shares. Stifel Nicolaus lifted their price objective on DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Fearnley Fonds raised DHT to a “strong-buy” rating in a report on Friday, September 27th. Finally, StockNews.com lowered shares of DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

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.