Manatuck Hill Partners LLC Purchases Shares of 175,000 DHT Holdings, Inc. $DHT

Manatuck Hill Partners LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 175,000 shares of the shipping company’s stock, valued at approximately $2,137,000.

Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC grew its holdings in shares of DHT by 1.4% during the fourth quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock valued at $890,000 after buying an additional 994 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of DHT by 16.0% in the 4th quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock worth $88,000 after acquiring an additional 1,000 shares during the last quarter. Summit Financial LLC raised its holdings in shares of DHT by 0.9% in the 4th quarter. Summit Financial LLC now owns 119,438 shares of the shipping company’s stock worth $1,458,000 after acquiring an additional 1,111 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of DHT by 0.6% in the 2nd quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock worth $1,918,000 after acquiring an additional 1,114 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of DHT by 6.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 20,651 shares of the shipping company’s stock worth $248,000 after acquiring an additional 1,203 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Stock Performance

NYSE DHT opened at $18.11 on Thursday. DHT Holdings, Inc. has a 1 year low of $10.61 and a 1 year high of $20.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 8.79 and a beta of -0.12. The company has a fifty day moving average price of $17.69 and a 200-day moving average price of $15.99.

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

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 14.1%. The ex-dividend date was Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is currently 124.27%.

Analyst Ratings Changes

DHT has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore lowered shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price on the stock. in a report on Wednesday, April 22nd. BTIG Research upped their target price on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings lowered shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.