DHT Holdings, Inc. (NYSE:DHT) Stake Lowered by Glenorchy Capital Ltd

Glenorchy Capital Ltd trimmed its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,756 shares of the shipping company’s stock after selling 2,240 shares during the period. DHT comprises approximately 1.3% of Glenorchy Capital Ltd’s portfolio, making the stock its 20th biggest holding. Glenorchy Capital Ltd’s holdings in DHT were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after purchasing an additional 1,265 shares in the last quarter. Spire Wealth Management bought a new position in DHT during the fourth quarter valued at approximately $36,000. Banque Transatlantique SA acquired a new stake in DHT in the fourth quarter valued at approximately $37,000. Sterling Capital Management LLC grew its position in DHT by 822.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock worth $40,000 after acquiring an additional 3,856 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of DHT during the 4th quarter worth $71,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.80. The company’s fifty day moving average price is $10.48 and its 200 day moving average price is $10.36. The company has a market capitalization of $1.79 billion, a PE ratio of 9.88 and a beta of -0.06.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to analysts’ expectations of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The firm’s revenue was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on shares of DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 price target on shares of DHT in a research note on Wednesday. Three equities 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’s stock. According to MarketBeat, DHT has a consensus rating of “Moderate Buy” and an average price target of $12.94.

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.