Olympiad Research LP Buys 16,537 Shares of DHT Holdings, Inc. (NYSE:DHT)

Olympiad Research LP lifted its stake in DHT Holdings, Inc. (NYSE:DHT) by 30.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,091 shares of the shipping company’s stock after acquiring an additional 16,537 shares during the period. Olympiad Research LP’s holdings in DHT were worth $784,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP raised its stake in shares of DHT by 2,494.6% in the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after acquiring an additional 3,717 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DHT in the 1st quarter valued at approximately $51,000. Summit Securities Group LLC acquired a new stake in DHT in the 2nd quarter valued at approximately $78,000. Nisa Investment Advisors LLC grew its holdings in DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after buying an additional 2,361 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in DHT in the 2nd quarter valued at approximately $80,000. 58.53% of the stock is owned by institutional investors.

DHT Price Performance

Shares of NYSE:DHT opened at $10.43 on Thursday. DHT Holdings, Inc. has a 1-year low of $9.28 and a 1-year high of $12.80. The firm has a market capitalization of $1.68 billion, a PE ratio of 10.75 and a beta of -0.36. The business’s 50 day moving average is $10.93 and its 200-day moving average is $11.31. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36.

DHT (NYSE:DHT) last announced its quarterly earnings data on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). DHT had a return on equity of 15.19% and a net margin of 27.45%. The firm had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. During the same period in the previous year, the business posted $0.35 EPS. DHT’s revenue for the quarter was down 8.2% compared to the same quarter last year. Sell-side analysts predict that DHT Holdings, Inc. will post 1.02 earnings per share for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.08 annualized dividend and a dividend yield of 10.35%. DHT’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DHT. StockNews.com lowered DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. BTIG Research began coverage on DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price on the stock. Fearnley Fonds raised DHT to a “strong-buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus lowered their target price on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.50.

DHT 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.