Kingsview Wealth Management LLC Makes New Investment in DHT Holdings, Inc. $DHT

Kingsview Wealth Management LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 222,318 shares of the shipping company’s stock, valued at approximately $2,657,000.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in DHT by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock worth $63,097,000 after purchasing an additional 380,688 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of DHT in the third quarter valued at $405,000. GSA Capital Partners LLP boosted its position in shares of DHT by 193.7% in the third quarter. GSA Capital Partners LLP now owns 195,438 shares of the shipping company’s stock worth $2,335,000 after buying an additional 128,900 shares during the period. Fifth Third Bancorp grew its holdings in shares of DHT by 96.5% during the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after buying an additional 2,042 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of DHT during the third quarter valued at $224,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. BTIG Research increased their price target on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.33.

DHT Stock Down 3.3%

DHT opened at $18.62 on Thursday. The company has a market capitalization of $2.99 billion, a PE ratio of 14.21 and a beta of -0.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. DHT Holdings, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $20.55. The business has a 50-day moving average of $14.69 and a 200-day moving average of $13.22.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $117.80 million for the quarter, compared to the consensus estimate of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.41 per share. This is a positive change from DHT’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 19th. This represents a $1.64 annualized dividend and a dividend yield of 8.8%. DHT’s dividend payout ratio (DPR) is currently 125.19%.

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.