DHT Holdings, Inc. $DHT Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lessened its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,184,149 shares of the shipping company’s stock after selling 50,890 shares during the period. Bridgeway Capital Management LLC’s holdings in DHT were worth $14,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of DHT by 360.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock valued at $35,416,000 after purchasing an additional 2,320,564 shares during the last quarter. Marex Group plc lifted its holdings in shares of DHT by 5,860.2% in the 4th quarter. Marex Group plc now owns 1,084,752 shares of the shipping company’s stock valued at $13,245,000 after purchasing an additional 1,066,552 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of DHT by 706.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock valued at $11,650,000 after purchasing an additional 943,990 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of DHT in the 4th quarter valued at about $8,927,000. Finally, Public Sector Pension Investment Board lifted its holdings in shares of DHT by 447.5% in the 4th quarter. Public Sector Pension Investment Board now owns 744,601 shares of the shipping company’s stock valued at $9,092,000 after purchasing an additional 608,601 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 1.6%

DHT opened at $18.11 on Thursday. The business has a 50 day moving average price of $17.69 and a two-hundred day moving average price of $15.99. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.92 billion, a PE ratio of 8.79 and a beta of -0.12. DHT Holdings, Inc. has a 52 week low of $10.61 and a 52 week high of $20.55.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $157.20 million during the quarter, compared to the consensus estimate of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The firm’s revenue was up 134.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 14.1%. This is a boost from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is currently 124.27%.

Wall Street Analyst Weigh In

DHT has been the subject of several research reports. Dnb Carnegie downgraded DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Evercore downgraded DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a report on Wednesday, April 22nd. BTIG Research boosted their target price on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings downgraded DHT from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, DHT presently has an average rating of “Moderate Buy” and an average target price of $19.33.

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.