Corton Capital Inc. Purchases Shares of 13,183 DHT Holdings, Inc. (NYSE:DHT)

Corton Capital Inc. acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,183 shares of the shipping company’s stock, valued at approximately $122,000.

Several other institutional investors have also modified their holdings of DHT. Crestline Management LP acquired a new stake in DHT during the 4th quarter worth approximately $1,559,000. Cetera Investment Advisers acquired a new stake in shares of DHT during the fourth quarter worth $163,000. Bridgeway Capital Management LLC purchased a new position in DHT in the 4th quarter valued at $8,126,000. Banque Transatlantique SA acquired a new position in DHT in the 4th quarter valued at $37,000. Finally, Bank of America Corp DE raised its position in DHT by 10.3% during the 4th quarter. Bank of America Corp DE now owns 246,374 shares of the shipping company’s stock worth $2,289,000 after buying an additional 22,949 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Price Performance

NYSE:DHT opened at $11.00 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. The business’s 50-day moving average price is $10.47 and its 200 day moving average price is $10.36. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The firm has a market cap of $1.78 billion, a P/E ratio of 9.83 and a beta of -0.06.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $79.34 million for the quarter, compared to analysts’ expectations of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The company’s quarterly revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, sell-side analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on DHT. Evercore ISI reduced their price objective on shares of DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 price target on shares of DHT in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.94.

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.