LSV Asset Management Has $11.28 Million Stake in DHT Holdings, Inc. $DHT

LSV Asset Management reduced its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 11.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 944,204 shares of the shipping company’s stock after selling 122,108 shares during the quarter. LSV Asset Management’s holdings in DHT were worth $11,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Qube Research & Technologies Ltd boosted its stake in DHT by 706.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock worth $11,650,000 after acquiring an additional 943,990 shares during the last quarter. American Century Companies Inc. boosted its position in shares of DHT by 11.2% during the second quarter. American Century Companies Inc. now owns 4,899,375 shares of the shipping company’s stock worth $52,962,000 after purchasing an additional 491,717 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of DHT by 1,376.6% during the second quarter. Lazard Asset Management LLC now owns 388,043 shares of the shipping company’s stock worth $4,194,000 after purchasing an additional 361,764 shares in the last quarter. Harvey Capital Management Inc. acquired a new position in shares of DHT in the 3rd quarter valued at $2,368,000. Finally, Bank of America Corp DE increased its position in shares of DHT by 55.4% in the 2nd quarter. Bank of America Corp DE now owns 550,163 shares of the shipping company’s stock valued at $5,947,000 after buying an additional 196,047 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BTIG Research lifted their target price on DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Wall Street Zen cut DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. Evercore increased their target price on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, DHT has an average rating of “Moderate Buy” and a consensus target price of $16.33.

DHT Stock Up 3.1%

Shares of DHT stock opened at $15.91 on Friday. The firm has a market cap of $2.55 billion, a PE ratio of 12.14 and a beta of -0.07. The business’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. DHT Holdings, Inc. has a 52-week low of $8.99 and a 52-week high of $15.93.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The company had revenue of $117.80 million during the quarter, compared to analysts’ expectations of $116.96 million. During the same period last year, the business earned $0.34 EPS. The business’s quarterly revenue was up 37.8% on a year-over-year basis. On average, analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.3%. This is an increase from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 19th. DHT’s payout ratio is 54.96%.

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.