Marshall Wace LLP Boosts Stake in DHT Holdings, Inc. (NYSE:DHT)

Marshall Wace LLP lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 115.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 492,563 shares of the shipping company’s stock after acquiring an additional 264,103 shares during the quarter. Marshall Wace LLP owned 0.31% of DHT worth $4,576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Stifel Financial Corp increased its holdings in DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after purchasing an additional 1,514 shares during the last quarter. Barclays PLC increased its stake in shares of DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock worth $2,083,000 after buying an additional 131,551 shares during the last quarter. Virtu Financial LLC bought a new position in DHT during the 3rd quarter valued at $149,000. Sanctuary Advisors LLC bought a new position in DHT during the 3rd quarter valued at $134,000. Finally, Franklin Resources Inc. increased its position in shares of DHT by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock worth $588,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

DHT has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Evercore ISI decreased their target price on DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday. Three equities research 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 company. Based on data from MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.74.

DHT Stock Up 1.8 %

Shares of DHT stock opened at $10.45 on Friday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.33 and a beta of -0.06. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $10.43 and its 200-day simple moving average is $10.40.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.51%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is 60.71%.

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.