SG Americas Securities LLC Buys 303,401 Shares of DHT Holdings, Inc. $DHT

SG Americas Securities LLC raised its stake in DHT Holdings, Inc. (NYSE:DHT) by 294.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406,294 shares of the shipping company’s stock after purchasing an additional 303,401 shares during the period. SG Americas Securities LLC’s holdings in DHT were worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DHT. Federated Hermes Inc. lifted its position in shares of DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,368 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of DHT by 190.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after buying an additional 1,982 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after acquiring an additional 1,596 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of DHT by 96.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after acquiring an additional 2,042 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in DHT during the third quarter valued at approximately $60,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Down 0.8%

DHT stock opened at $18.12 on Thursday. The stock has a market capitalization of $2.91 billion, a PE ratio of 13.83 and a beta of -0.09. DHT Holdings, Inc. has a 52 week low of $8.99 and a 52 week high of $20.55. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $16.72 and a 200 day moving average of $14.07.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The business had revenue of $117.85 million during the quarter, compared to analysts’ expectations of $116.96 million. During the same quarter last year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. Sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were paid a $0.41 dividend. 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 dividend on an annualized basis and a yield of 9.1%. DHT’s dividend payout ratio (DPR) is 125.19%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHT. Wall Street Zen raised shares of DHT from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. BTIG Research raised their price objective on DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Finally, Dnb Carnegie lowered DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

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.