WIT Partners Advisory Pte. Ltd. Purchases Shares of 282,600 DHT Holdings, Inc. $DHT

WIT Partners Advisory Pte. Ltd. purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the first quarter, HoldingsChannel.com reports. The firm purchased 282,600 shares of the shipping company’s stock, valued at approximately $5,163,000. DHT comprises 1.5% of WIT Partners Advisory Pte. Ltd.’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of DHT by 178.9% during the 1st quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock valued at $741,000 after purchasing an additional 45,275 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in DHT in the second quarter worth approximately $171,000. Creative Planning increased its holdings in DHT by 34.1% in the second quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock worth $164,000 after purchasing an additional 3,859 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in DHT by 11.3% in the second quarter. JPMorgan Chase & Co. now owns 400,068 shares of the shipping company’s stock valued at $4,325,000 after buying an additional 40,574 shares during the period. Finally, Prudential Financial Inc. acquired a new position in DHT in the second quarter valued at approximately $162,000. 58.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

DHT Stock Performance

Shares of DHT opened at $17.87 on Friday. DHT Holdings, Inc. has a one year low of $10.61 and a one year high of $20.55. The company has a market cap of $2.88 billion, a PE ratio of 8.67 and a beta of -0.11. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $16.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62.

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

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were issued a $0.64 dividend. The ex-dividend date was Thursday, May 21st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.3%. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is 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.