Millburn Ridgefield Corp Invests $145,000 in DHT Holdings, Inc. (NYSE:DHT)

Millburn Ridgefield Corp acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 4th quarter, Holdings Channel reports. The firm acquired 15,609 shares of the shipping company’s stock, valued at approximately $145,000.

A number of other hedge funds have also made changes to their positions in DHT. Dividend Assets Capital LLC grew its position in shares of DHT by 12.6% in the 4th quarter. Dividend Assets Capital LLC now owns 68,964 shares of the shipping company’s stock worth $641,000 after acquiring an additional 7,699 shares in the last quarter. Ieq Capital LLC acquired a new position in DHT in the fourth quarter worth $116,000. Principal Financial Group Inc. increased its stake in DHT by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 107,906 shares of the shipping company’s stock valued at $1,002,000 after purchasing an additional 9,341 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of DHT by 4.4% during the fourth quarter. Congress Asset Management Co. now owns 433,059 shares of the shipping company’s stock worth $4,023,000 after purchasing an additional 18,431 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of DHT by 1.6% in the 4th quarter. Rhumbline Advisers now owns 275,473 shares of the shipping company’s stock worth $2,559,000 after buying an additional 4,454 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research note on Thursday, December 12th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.68.

DHT Trading Down 1.1 %

Shares of NYSE:DHT opened at $10.84 on Monday. The company has a 50 day moving average of $10.45 and a 200-day moving average of $10.58. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.75 billion, a P/E ratio of 9.67 and a beta of -0.39. DHT Holdings, Inc. has a twelve month low of $8.67 and a twelve month high of $12.80.

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

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is presently 60.71%.

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.