Olympiad Research LP Buys 16,537 Shares of DHT Holdings, Inc. (NYSE:DHT)

Olympiad Research LP increased its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 30.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 71,091 shares of the shipping company’s stock after acquiring an additional 16,537 shares during the period. Olympiad Research LP’s holdings in DHT were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DHT. Quarry LP boosted its stake in DHT by 2,494.6% in the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after purchasing an additional 3,717 shares in the last quarter. Headlands Technologies LLC acquired a new position in DHT in the first quarter worth $51,000. Nisa Investment Advisors LLC boosted its stake in DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after purchasing an additional 2,361 shares in the last quarter. Summit Securities Group LLC acquired a new position in DHT in the second quarter worth $78,000. Finally, Point72 Hong Kong Ltd acquired a new position in DHT in the second quarter worth $80,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock. StockNews.com lowered DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Stifel Nicolaus reduced their price objective on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Fearnley Fonds raised DHT to a “strong-buy” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

DHT Trading Up 4.0 %

Shares of DHT opened at $10.43 on Thursday. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. DHT Holdings, Inc. has a 12-month low of $9.28 and a 12-month high of $12.80. The firm has a market capitalization of $1.68 billion, a PE ratio of 10.75 and a beta of -0.36. The stock’s fifty day simple moving average is $10.93 and its 200-day simple moving average is $11.31.

DHT (NYSE:DHT) last issued its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. As a group, research analysts predict that DHT Holdings, Inc. will post 1.02 earnings per share for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 annualized dividend and a dividend yield of 10.35%. DHT’s payout ratio is currently 111.34%.

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.