Impala Asset Management LLC Makes New Investment in DHT Holdings, Inc. $DHT

Impala Asset Management LLC acquired a new position in DHT Holdings, Inc. (NYSE:DHT) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 50,000 shares of the shipping company’s stock, valued at approximately $914,000. DHT makes up 0.4% of Impala Asset Management LLC’s holdings, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of DHT by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,008,679 shares of the shipping company’s stock valued at $36,736,000 after acquiring an additional 44,986 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of DHT by 11.9% in the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after acquiring an additional 248,620 shares in the last quarter. State Street Corp boosted its holdings in DHT by 0.8% in the fourth quarter. State Street Corp now owns 2,269,460 shares of the shipping company’s stock valued at $27,710,000 after purchasing an additional 17,221 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in DHT by 18.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company’s stock valued at $22,192,000 after purchasing an additional 293,580 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in DHT by 60.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,732,003 shares of the shipping company’s stock valued at $20,697,000 after purchasing an additional 654,299 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHT has been the topic of several analyst reports. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a research note on Wednesday, April 22nd. BTIG Research increased their target price on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

DHT Price Performance

DHT opened at $18.13 on Thursday. The company has a market capitalization of $2.92 billion, a P/E ratio of 8.80 and a beta of -0.11. The company has a 50-day moving average of $17.54 and a 200-day moving average of $16.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. DHT Holdings, Inc. has a 1-year low of $10.69 and a 1-year high of $20.55.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $157.20 million for the quarter, compared to analysts’ expectations 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 last year, the company posted $0.27 earnings per share.

DHT Increases Dividend

The company 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 was Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 annualized dividend and a yield of 14.1%. DHT’s payout ratio is currently 124.27%.

DHT Profile

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.