Lazard Asset Management LLC Has $428,000 Stake in DHT Holdings, Inc. $DHT

Lazard Asset Management LLC reduced its position in DHT Holdings, Inc. (NYSE:DHT) by 94.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,443 shares of the shipping company’s stock after selling 419,885 shares during the quarter. Lazard Asset Management LLC’s holdings in DHT were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of DHT by 74.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock worth $78,849,000 after acquiring an additional 1,836,892 shares in the last quarter. Victory Capital Management Inc. raised its position in 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 purchasing an additional 44,986 shares in the last quarter. Wasatch Advisors LP raised its position in DHT by 11.9% during the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock valued at $27,834,000 after purchasing an additional 248,620 shares in the last quarter. State Street Corp lifted its stake in DHT by 0.8% during the fourth quarter. State Street Corp now owns 2,269,460 shares of the shipping company’s stock worth $27,710,000 after purchasing an additional 17,221 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of DHT by 60.7% in 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. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the topic of several recent analyst reports. BTIG Research lifted their price target on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Evercore downgraded 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

DHT Stock Up 2.1%

NYSE:DHT opened at $18.74 on Friday. DHT Holdings, Inc. has a one year low of $10.69 and a one year high of $20.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 1.62. The company has a market cap of $3.02 billion, a PE ratio of 6.37 and a beta of -0.11. The firm’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $17.37.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. The firm had revenue of $254.96 million during the quarter, compared to the consensus estimate of $247.17 million. DHT had a net margin of 65.52% and a return on equity of 39.40%. The company’s revenue for the quarter was up 174.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 26.0%. The ex-dividend date of this dividend is Monday, August 17th. This is a boost from DHT’s previous quarterly dividend of $0.64. DHT’s dividend payout ratio (DPR) is presently 87.07%.

DHT Company 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.