GSA Capital Partners LLP Sells 82,958 Shares of DHT Holdings, Inc. (NYSE:DHT)

GSA Capital Partners LLP lessened its holdings in DHT Holdings, Inc. (NYSE:DHT) by 67.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,394 shares of the shipping company’s stock after selling 82,958 shares during the period. GSA Capital Partners LLP’s holdings in DHT were worth $435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DHT. Quarry LP increased its holdings in DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after acquiring an additional 3,717 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after buying an additional 2,361 shares in the last quarter. Summit Securities Group LLC purchased a new stake in DHT during the 2nd quarter valued at approximately $78,000. Point72 Hong Kong Ltd purchased a new stake in DHT during the 2nd quarter valued at approximately $80,000. Finally, Blue Trust Inc. grew its holdings in DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Stock Down 0.9 %

NYSE DHT opened at $10.54 on Thursday. The company has a market capitalization of $1.70 billion, a P/E ratio of 10.54 and a beta of -0.36. The stock has a 50 day moving average price of $10.93 and a 200-day moving average price of $11.25. DHT Holdings, Inc. has a one year low of $9.28 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. As a group, equities analysts predict that DHT Holdings, Inc. will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a $0.22 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 8.35%. DHT’s dividend payout ratio is presently 88.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. BTIG Research started coverage on shares of DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and set a $14.00 target price on shares of DHT in a research report on Wednesday, November 13th. Stifel Nicolaus lowered their target price on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.50.

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.