GeoSphere Capital Management LLC Makes New $1.89 Million Investment in DHT Holdings, Inc. $DHT

GeoSphere Capital Management LLC bought a new position in DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, Holdings Channel reports. The firm bought 155,000 shares of the shipping company’s stock, valued at approximately $1,893,000. DHT makes up 0.6% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in shares of DHT by 101.6% in the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock worth $32,000 after buying an additional 1,368 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after buying an additional 1,596 shares during the period. Fifth Third Bancorp lifted its holdings in shares of DHT by 96.5% in the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after buying an additional 2,042 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of DHT during the 4th quarter worth $58,000. Finally, Leonteq Securities AG purchased a new stake in shares of DHT during the 4th quarter worth $59,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DHT shares. BTIG Research upped their price objective on DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective for the company. in a research note on Wednesday, April 22nd. Finally, Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

DHT Trading Down 0.0%

Shares of NYSE:DHT opened at $17.38 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. The firm has a market capitalization of $2.80 billion, a P/E ratio of 8.43 and a beta of -0.08. The business’s 50-day moving average is $17.99 and its 200 day moving average is $15.53. DHT Holdings, Inc. has a 1 year low of $10.61 and a 1 year high of $20.55.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $157.20 million for the quarter, compared to analyst estimates of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The company’s revenue was up 134.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 14.7%. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is 124.27%.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.