72,960 Shares in DHT Holdings, Inc. $DHT Acquired by TrueMark Investments LLC

TrueMark Investments LLC bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, Holdings Channel reports. The fund bought 72,960 shares of the shipping company’s stock, valued at approximately $891,000.

A number of other institutional investors have also recently added to or reduced their stakes in DHT. AQR Capital Management LLC raised its stake in shares of DHT by 178.9% during the first quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock valued at $741,000 after acquiring an additional 45,275 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of DHT in the second quarter worth $171,000. PNC Financial Services Group Inc. grew its stake in shares of DHT by 190.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,982 shares during the last quarter. Creative Planning increased its holdings in DHT by 34.1% in the second quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock valued at $164,000 after purchasing an additional 3,859 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in DHT in the second quarter valued at $239,000. 58.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHT has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, BTIG Research lifted their price objective on DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

DHT Trading Up 0.0%

DHT opened at $18.11 on Monday. DHT Holdings, Inc. has a twelve month low of $8.99 and a twelve month high of $20.55. The company has a fifty day moving average of $16.44 and a 200-day moving average of $13.96. The stock has a market cap of $2.91 billion, a PE ratio of 13.82 and a beta of -0.13. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $117.85 million for the quarter, compared to analyst estimates of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. DHT’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, sell-side analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.1%. This is a positive change from DHT’s previous quarterly dividend of $0.18. DHT’s dividend payout ratio (DPR) is presently 125.19%.

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.