Globeflex Capital L P Takes Position in DHT Holdings, Inc. $DHT

Globeflex Capital L P acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the second quarter, Holdings Channel reports. The firm acquired 28,746 shares of the shipping company’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in DHT during the 1st quarter valued at $46,000. EverSource Wealth Advisors LLC grew its position in DHT by 91.8% in the second 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 last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after purchasing an additional 3,022 shares during the period. PNC Financial Services Group Inc. raised its holdings in DHT by 32.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock worth $89,000 after buying an additional 1,175 shares during the period. Finally, Leonteq Securities AG acquired a new stake in shares of DHT during the fourth quarter valued at approximately $59,000. Institutional investors own 58.53% of the company’s stock.

DHT Trading Down 2.8%

Shares of NYSE DHT opened at $19.18 on Wednesday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 6.52 and a beta of -0.11. The business has a 50 day simple moving average of $18.34 and a 200 day simple moving average of $17.86. DHT Holdings, Inc. has a 52 week low of $10.83 and a 52 week high of $20.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.04. The firm had revenue of $254.96 million for the quarter, compared to the consensus estimate of $247.17 million. DHT had a return on equity of 39.40% and a net margin of 65.52%.The firm’s revenue was up 174.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a dividend of $1.22 per share. This is a positive change from DHT’s previous quarterly dividend of $0.64. The ex-dividend date was Monday, August 17th. This represents a $4.88 annualized dividend and a dividend yield of 25.4%. DHT’s dividend payout ratio (DPR) is currently 165.99%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DHT shares. Weiss Ratings lowered shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Insider Activity at DHT

In related news, Director Sophie Rossini sold 33,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $20.04, for a total value of $661,320.00. Following the completion of the sale, the director directly owned 78,543 shares in the company, valued at approximately $1,574,001.72. This represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jon Stephen Eglin sold 50,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $19.99, for a total transaction of $999,500.00. Following the transaction, the insider directly owned 324,622 shares in the company, valued at $6,489,193.78. The trade was a 13.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 528,803 shares of company stock worth $10,644,297 over the last quarter.

About DHT

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.