Virtu Financial LLC Invests $149,000 in DHT Holdings, Inc. (NYSE:DHT)

Virtu Financial LLC acquired a new stake in DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, HoldingsChannel reports. The firm acquired 13,549 shares of the shipping company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP boosted its holdings in DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after buying an additional 3,717 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of DHT in the third quarter worth about $50,000. Summit Securities Group LLC bought a new position in shares of DHT in the second quarter valued at approximately $78,000. Nisa Investment Advisors LLC grew its stake in DHT by 52.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 2,361 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in DHT in the 2nd quarter worth approximately $80,000. 58.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DHT. BTIG Research began coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Kepler Capital Markets downgraded 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. Finally, Jefferies Financial Group restated a “buy” rating and issued a $14.00 price objective on shares of DHT in a research report on Wednesday, November 13th. Three investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.54.

DHT Price Performance

DHT opened at $8.89 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 8.89 and a beta of -0.37. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. DHT Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The stock has a 50-day moving average price of $10.17 and a 200-day moving average price of $10.86.

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

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s payout ratio is presently 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.