Campbell & CO Investment Adviser LLC Invests $1.23 Million in DHT Holdings, Inc. $DHT

Campbell & CO Investment Adviser LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 113,839 shares of the shipping company’s stock, valued at approximately $1,231,000. Campbell & CO Investment Adviser LLC owned approximately 0.07% of DHT at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DHT. Encompass Capital Advisors LLC bought a new stake in DHT during the 1st quarter valued at about $19,950,000. Corigliano Investment Advisers LLC purchased a new position in DHT in the 1st quarter worth approximately $5,788,000. American Century Companies Inc. raised its holdings in DHT by 8.7% in the 1st quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company’s stock worth $46,280,000 after acquiring an additional 354,074 shares during the last quarter. Nuveen LLC bought a new position in DHT in the 1st quarter valued at approximately $3,660,000. Finally, Kettle Hill Capital Management LLC purchased a new stake in DHT during the 1st quarter valued at $3,523,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price target on shares of DHT in a research note on Thursday, October 30th. Evercore ISI upped their target price on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Zacks Research raised shares of DHT to a “hold” rating in a report on Monday, August 11th. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of DHT in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.18.

DHT Stock Up 1.5%

Shares of DHT stock opened at $13.57 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $13.61. The stock has a market cap of $2.18 billion, a P/E ratio of 10.94 and a beta of -0.01. The company has a 50 day simple moving average of $12.40 and a two-hundred day simple moving average of $11.70.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $79.10 million during the quarter, compared to the consensus estimate of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.18%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. On average, research analysts expect that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, November 12th. DHT’s payout ratio is presently 58.06%.

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.