XTX Topco Ltd Takes Position in DHT Holdings, Inc. (NYSE:DHT)

XTX Topco Ltd bought a new position in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 116,849 shares of the shipping company’s stock, valued at approximately $1,086,000. XTX Topco Ltd owned about 0.07% of DHT as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management acquired a new position in shares of DHT in the 4th quarter valued at $36,000. Sterling Capital Management LLC boosted its holdings in shares of DHT by 822.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock worth $40,000 after buying an additional 3,856 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of DHT in the fourth quarter worth about $71,000. SBI Securities Co. Ltd. purchased a new position in shares of DHT in the fourth quarter worth approximately $108,000. Finally, Ieq Capital LLC acquired a new stake in shares of DHT during the fourth quarter valued at approximately $116,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their price objective on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.68.

DHT Stock Performance

Shares of DHT opened at $9.90 on Wednesday. The company has a market capitalization of $1.60 billion, a PE ratio of 8.84 and a beta of -0.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The company’s 50 day moving average price is $10.57 and its 200 day moving average price is $10.46. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is presently 60.71%.

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.