Tidal Investments LLC Has $769,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

Tidal Investments LLC trimmed its stake in DHT Holdings, Inc. (NYSE:DHT) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,723 shares of the shipping company’s stock after selling 11,403 shares during the period. Tidal Investments LLC’s holdings in DHT were worth $769,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of DHT in the 3rd quarter valued at about $134,000. Virtu Financial LLC acquired a new position in shares of DHT in the third quarter worth approximately $149,000. Hohimer Wealth Management LLC bought a new stake in DHT in the third quarter valued at approximately $173,000. Sunbelt Securities Inc. acquired a new stake in DHT during the 3rd quarter valued at approximately $50,000. Finally, Barclays PLC raised its holdings in DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock worth $2,083,000 after purchasing an additional 131,551 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DHT. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Kepler Capital Markets cut shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 price objective on shares of DHT in a research report on Wednesday, November 13th. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus lowered their target price on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average target price of $13.54.

DHT Price Performance

DHT stock opened at $8.95 on Friday. DHT Holdings, Inc. has a 1 year low of $8.67 and a 1 year high of $12.80. The stock has a market capitalization of $1.44 billion, a PE ratio of 8.95 and a beta of -0.37. The company’s 50-day moving average is $10.12 and its 200-day moving average is $10.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97.

DHT (NYSE:DHT) last issued its 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 for the quarter, compared to analysts’ expectations of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. DHT’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. Equities research analysts expect that DHT Holdings, Inc. will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 9.83%. The ex-dividend date was Friday, November 22nd. DHT’s payout ratio is presently 88.00%.

About DHT

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.