Raiffeisen Bank International AG Purchases 32,765 Shares of DHT Holdings, Inc. $DHT

Raiffeisen Bank International AG boosted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 42.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 110,031 shares of the shipping company’s stock after acquiring an additional 32,765 shares during the quarter. Raiffeisen Bank International AG’s holdings in DHT were worth $1,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baron Wealth Management LLC increased its stake in shares of DHT by 4.2% during the first quarter. Baron Wealth Management LLC now owns 14,750 shares of the shipping company’s stock worth $269,000 after purchasing an additional 592 shares during the period. MetLife Investment Management LLC raised its stake in DHT by 1.4% in the 4th quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock worth $890,000 after purchasing an additional 994 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of DHT by 16.0% in the fourth quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock valued at $88,000 after buying an additional 1,000 shares during the period. Summit Financial LLC lifted its position in shares of DHT by 0.9% during the 4th quarter. Summit Financial LLC now owns 119,438 shares of the shipping company’s stock valued at $1,458,000 after acquiring an additional 1,111 shares during the period. Finally, First Trust Advisors LP grew its stake in DHT by 0.6% during the second quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock worth $1,918,000 after buying an additional 1,114 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Stock Performance

DHT opened at $20.93 on Friday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 7.12 and a beta of -0.09. DHT Holdings, Inc. has a 1-year low of $10.83 and a 1-year high of $21.09. The company’s fifty day moving average price is $18.48 and its two-hundred day moving average price is $18.10. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29.

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

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 23.3%. The ex-dividend date was Monday, August 17th. This is an increase from DHT’s previous quarterly dividend of $0.64. DHT’s dividend payout ratio is currently 165.99%.

Insider Activity

In related news, Director Svenn Edvardsen sold 341,007 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $20.29, for a total value of $6,919,032.03. Following the transaction, the director directly owned 395,705 shares in the company, valued at approximately $8,028,854.45. This represents a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon Eglin sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $20.35, for a total value of $508,750.00. Following the sale, the insider owned 299,622 shares in the company, valued at $6,097,307.70. The trade was a 7.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 528,803 shares of company stock valued at $10,644,297. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded DHT from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

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.