Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 64,914 DHT Holdings, Inc. $DHT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the first quarter, Holdings Channel reports. The institutional investor bought 64,914 shares of the shipping company’s stock, valued at approximately $1,186,000.

A number of other large investors also recently modified their holdings of DHT. Marex Group plc lifted its holdings in DHT by 5,860.2% in the fourth quarter. Marex Group plc now owns 1,084,752 shares of the shipping company’s stock worth $13,245,000 after acquiring an additional 1,066,552 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in DHT by 706.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock valued at $11,650,000 after buying an additional 943,990 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of DHT during the fourth quarter valued at $8,927,000. Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of DHT during the first quarter valued at $13,123,000. Finally, Public Sector Pension Investment Board grew its position in shares of DHT by 447.5% during the fourth quarter. Public Sector Pension Investment Board now owns 744,601 shares of the shipping company’s stock worth $9,092,000 after acquiring an additional 608,601 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

DHT Price Performance

Shares of DHT opened at $17.43 on Friday. DHT Holdings, Inc. has a one year low of $10.61 and a one year high of $20.55. The stock’s fifty day moving average is $17.56 and its 200-day moving average is $16.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.46 and a beta of -0.11.

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

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were given a dividend of $0.64 per share. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, May 21st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.7%. DHT’s payout ratio is presently 124.27%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BTIG Research increased their price objective on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Finally, Evercore lowered shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.