EMC Capital Management Has $318,000 Holdings in DHT Holdings, Inc. (NYSE:DHT)

EMC Capital Management increased its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 247.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,238 shares of the shipping company’s stock after acquiring an additional 24,377 shares during the period. EMC Capital Management’s holdings in DHT were worth $318,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Wasatch Advisors LP acquired a new stake in shares of DHT in the 3rd quarter valued at about $55,472,000. FMR LLC grew its holdings in shares of DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after buying an additional 2,195,916 shares in the last quarter. International Assets Investment Management LLC raised its position in DHT by 1,144.6% in the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock valued at $7,487,000 after buying an additional 624,266 shares during the last quarter. Raymond James & Associates bought a new stake in DHT in the 3rd quarter valued at approximately $5,004,000. Finally, Millennium Management LLC boosted its position in DHT by 2,728.7% during the 2nd quarter. Millennium Management LLC now owns 321,683 shares of the shipping company’s stock worth $3,722,000 after acquiring an additional 310,311 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DHT. BTIG Research started coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group restated a “buy” rating and set a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus lowered their target price on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.54.

DHT Stock Down 0.2 %

Shares of DHT stock opened at $11.14 on Thursday. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 11.11 and a beta of -0.38. The firm’s 50-day moving average is $9.87 and its 200-day moving average is $10.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The company had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same period in the previous year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.90%. The ex-dividend date was Friday, November 22nd. DHT’s payout ratio is presently 88.00%.

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.