41,537 Shares in DHT Holdings, Inc. $DHT Purchased by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 41,537 shares of the shipping company’s stock, valued at approximately $937,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in DHT during the 2nd quarter valued at about $1,437,000. Congress Asset Management Co. raised its stake in DHT by 20.7% during the 3rd quarter. Congress Asset Management Co. now owns 588,373 shares of the shipping company’s stock valued at $13,280,000 after acquiring an additional 101,020 shares in the last quarter. Bank of America Corp DE raised its stake in DHT by 168.3% during the 1st quarter. Bank of America Corp DE now owns 1,186,289 shares of the shipping company’s stock valued at $21,674,000 after acquiring an additional 744,130 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in DHT by 74.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock worth $78,849,000 after acquiring an additional 1,836,892 shares during the period. Finally, WIT Partners Advisory Pte. Ltd. acquired a new position in DHT during the 1st quarter worth $5,163,000. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BTIG Research increased their price target on DHT from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Weiss Ratings upgraded shares of DHT from a “buy (b+)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold 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 $21.00.

Insider Activity at DHT

In related news, Director Svenn Edvardsen sold 341,007 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $20.29, for a total value of $6,919,032.03. Following the sale, the director directly owned 395,705 shares in the company, valued at $8,028,854.45. The trade was a 46.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sophie Rossini sold 33,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $20.04, for a total transaction of $661,320.00. Following the sale, the director directly owned 78,543 shares of the company’s stock, valued at approximately $1,574,001.72. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 583,803 shares of company stock worth $11,843,097.

DHT Stock Down 0.2%

DHT opened at $24.56 on Monday. DHT Holdings, Inc. has a one year low of $11.64 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64. The stock’s fifty day moving average is $22.03 and its 200-day moving average is $19.35. The company has a market capitalization of $3.96 billion, a PE ratio of 8.35 and a beta of -0.03.

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

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were given 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 19.9%. DHT’s payout ratio is 165.99%.

About DHT

DHT Holdings, Inc (NYSE:DHT) is a maritime transportation company that owns and operates crude oil tankers. The company’s fleet is primarily composed of very large crude carriers (VLCCs), which transport large volumes of crude oil between major production and refining markets worldwide.

DHT provides ocean transportation services to energy companies, commodity traders and other customers through voyage charters, time charters and other commercial arrangements. Its operations include the commercial, technical and safety management of its vessels, with activities serving international crude oil trade routes across the Atlantic, Pacific and other major maritime regions.

Founded in 2005, DHT is incorporated in the Marshall Islands and has corporate and operational activities based in Bermuda, Norway and Singapore.