HBK Sorce Advisory LLC Invests $811,000 in DHT Holdings, Inc. $DHT

HBK Sorce Advisory LLC acquired a new position in DHT Holdings, Inc. (NYSE:DHT) during the third quarter, HoldingsChannel.com reports. The fund acquired 70,706 shares of the shipping company’s stock, valued at approximately $811,000.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in DHT by 11.2% in the second quarter. American Century Companies Inc. now owns 4,899,375 shares of the shipping company’s stock worth $52,962,000 after acquiring an additional 491,717 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of DHT in the 1st quarter worth $19,950,000. Bridgeway Capital Management LLC raised its holdings in DHT by 2.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 1,164,952 shares of the shipping company’s stock worth $12,593,000 after purchasing an additional 30,980 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DHT by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,078,387 shares of the shipping company’s stock valued at $11,323,000 after purchasing an additional 91,594 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in DHT by 706.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock valued at $11,650,000 after purchasing an additional 943,990 shares during the period. 58.53% of the stock is currently owned by institutional investors.

DHT Trading Down 1.3%

DHT stock opened at $12.14 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 2.02. DHT Holdings, Inc. has a 1-year low of $8.99 and a 1-year high of $13.85. The business has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $12.05. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.79 and a beta of -0.08.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. DHT had a net margin of 41.17% and a return on equity of 17.05%. The firm had revenue of $107.35 million for the quarter, compared to analysts’ expectations of $78.83 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. Research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Wednesday, November 12th. DHT’s dividend payout ratio is 58.06%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. Wall Street Zen lowered shares of DHT from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Evercore ISI upped their price target on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

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.