DHT Holdings, Inc. $DHT Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in DHT Holdings, Inc. (NYSE:DHT) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,982 shares of the shipping company’s stock after purchasing an additional 135,664 shares during the period. Kingsview Wealth Management LLC’s holdings in DHT were worth $4,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DHT. Geode Capital Management LLC raised its position in DHT by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 1,686,074 shares of the shipping company’s stock worth $20,587,000 after buying an additional 79,392 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in DHT during the 4th quarter worth approximately $1,651,000. Bleakley Financial Group LLC raised its position in DHT by 5.3% during the 4th quarter. Bleakley Financial Group LLC now owns 50,281 shares of the shipping company’s stock worth $614,000 after buying an additional 2,516 shares during the last quarter. Harbour Investments Inc. raised its position in DHT by 16.0% during the 4th quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock worth $88,000 after buying an additional 1,000 shares during the last quarter. Finally, GeoSphere Capital Management LLC purchased a new position in DHT during the 4th quarter worth approximately $1,893,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

DHT Price Performance

NYSE:DHT opened at $16.31 on Friday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 7.92 and a beta of -0.08. The company has a 50 day moving average price of $17.97 and a 200-day moving average price of $15.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. 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 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million during the quarter, compared to analyst estimates of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. The firm’s revenue was up 134.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 15.7%. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is presently 124.27%.

DHT 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.