State Street Corp raised its stake in DHT Holdings, Inc. (NYSE:DHT) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,388,793 shares of the shipping company’s stock after purchasing an additional 323,923 shares during the quarter. State Street Corp owned about 1.68% of DHT worth $9,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of DHT by 1.1% in the 1st quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after purchasing an additional 260 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of DHT by 87.1% in the 1st quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after purchasing an additional 12,407 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of DHT by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 6,737 shares during the last quarter. KCG Holdings Inc. boosted its holdings in shares of DHT by 270.0% in the 1st quarter. KCG Holdings Inc. now owns 47,542 shares of the shipping company’s stock valued at $213,000 after purchasing an additional 34,692 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of DHT by 109.7% in the 2nd quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock valued at $310,000 after purchasing an additional 39,125 shares during the last quarter. Institutional investors own 35.73% of the company’s stock.

DHT Holdings, Inc. (NYSE DHT) opened at $3.88 on Tuesday. DHT Holdings, Inc. has a one year low of $3.44 and a one year high of $5.20. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.81. The company has a market cap of $549.46, a price-to-earnings ratio of 9.41, a PEG ratio of 3.62 and a beta of 0.95.

DHT (NYSE:DHT) last issued its earnings results on Monday, November 13th. The shipping company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. DHT had a net margin of 9.68% and a return on equity of 4.84%. The business had revenue of $54.80 million for the quarter, compared to the consensus estimate of $50.43 million. During the same quarter last year, the firm posted ($0.81) EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. sell-side analysts forecast that DHT Holdings, Inc. will post 0.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Tuesday, November 28th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, November 27th. DHT’s dividend payout ratio is presently 24.24%.

A number of brokerages have weighed in on DHT. Stifel Nicolaus set a $5.00 price target on shares of DHT and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of DHT from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Maxim Group set a $7.00 target price on shares of DHT and gave the company a “buy” rating in a research note on Monday. ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

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DHT Company Profile

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

Institutional Ownership by Quarter for DHT (NYSE:DHT)

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