Ethic Inc. Has $482,000 Stake in DHT Holdings, Inc. (NYSE:DHT)

Ethic Inc. increased its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 41.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,930 shares of the shipping company’s stock after purchasing an additional 15,207 shares during the period. Ethic Inc.’s holdings in DHT were worth $482,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. DME Capital Management LP increased its holdings in DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock worth $48,735,000 after buying an additional 902,704 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in DHT by 9.1% during the fourth quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company’s stock worth $243,000 after buying an additional 2,177 shares during the last quarter. Corton Capital Inc. acquired a new position in DHT during the fourth quarter worth $122,000. Crestline Management LP acquired a new position in DHT during the fourth quarter worth $1,559,000. Finally, Cetera Investment Advisers acquired a new position in DHT during the fourth quarter worth $163,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of DHT in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.94.

DHT Trading Up 1.8%

DHT stock opened at $11.59 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. The company has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $10.39. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.80. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 10.35 and a beta of -0.06.

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

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.