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

Ethic Inc. lifted its position in DHT Holdings, Inc. (NYSE:DHT) by 41.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,930 shares of the shipping company’s stock after acquiring an additional 15,207 shares during the period. Ethic Inc.’s holdings in DHT were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DHT. Tower Research Capital LLC TRC raised its position in shares of DHT by 84.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock valued at $26,000 after acquiring an additional 1,265 shares during the period. Spire Wealth Management acquired a new stake in shares of DHT in the 4th quarter valued at approximately $36,000. Banque Transatlantique SA acquired a new stake in DHT during the 4th quarter worth approximately $37,000. Sterling Capital Management LLC raised its holdings in DHT by 822.2% during the 4th 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. Finally, New Age Alpha Advisors LLC acquired a new stake in DHT during the 4th quarter worth approximately $71,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Price Performance

NYSE DHT opened at $11.59 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The company has a market capitalization of $1.86 billion, a PE ratio of 10.35 and a beta of -0.06. The firm’s 50 day moving average is $10.55 and its 200-day moving average is $10.39.

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

Analyst Upgrades and Downgrades

DHT has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $15.00 target price on shares of DHT in a report on Wednesday, May 7th. Evercore ISI dropped 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. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.94.

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.