Virtu Financial LLC Makes New Investment in DHT Holdings, Inc. (NYSE:DHT)

Virtu Financial LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,549 shares of the shipping company’s stock, valued at approximately $149,000.

Several other large investors have also recently modified their holdings of DHT. Bank of New York Mellon Corp increased its stake in shares of DHT by 12.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 466,751 shares of the shipping company’s stock valued at $5,400,000 after acquiring an additional 51,522 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in DHT in the second quarter worth $376,000. Summit Securities Group LLC bought a new stake in DHT in the second quarter valued at $78,000. TrueMark Investments LLC acquired a new position in shares of DHT during the second quarter valued at about $4,371,000. Finally, Principal Financial Group Inc. boosted its position in shares of DHT by 8.6% during the 2nd quarter. Principal Financial Group Inc. now owns 81,471 shares of the shipping company’s stock worth $943,000 after purchasing an additional 6,454 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the subject of a number of research analyst reports. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. BTIG Research began coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $14.00 target price on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus decreased their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th. Three 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.54.

DHT Trading Down 1.1 %

NYSE DHT opened at $8.89 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $10.86. DHT Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $12.80. The firm has a market capitalization of $1.43 billion, a P/E ratio of 8.89 and a beta of -0.37.

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

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.90%. DHT’s dividend payout ratio is currently 88.00%.

DHT Company 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.