Jackson Creek Investment Advisors LLC Makes New $1.65 Million Investment in DHT Holdings, Inc. $DHT

Jackson Creek Investment Advisors LLC bought a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 135,212 shares of the shipping company’s stock, valued at approximately $1,651,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in DHT by 593.3% during the 4th quarter. State of Alaska Department of Revenue now owns 41,145 shares of the shipping company’s stock worth $501,000 after acquiring an additional 35,210 shares during the period. Kingsview Wealth Management LLC bought a new stake in DHT during the 3rd quarter worth approximately $2,657,000. GSA Capital Partners LLP grew its holdings in DHT by 193.7% during the 3rd quarter. GSA Capital Partners LLP now owns 195,438 shares of the shipping company’s stock valued at $2,335,000 after buying an additional 128,900 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in DHT during the 4th quarter valued at approximately $2,720,000. Finally, American Century Companies Inc. grew its holdings in DHT by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock valued at $63,097,000 after buying an additional 380,688 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

DHT Stock Up 0.3%

NYSE DHT opened at $17.44 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $18.01 and a two-hundred day moving average of $15.59. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.47 and a beta of -0.08. DHT Holdings, Inc. has a 52 week low of $10.61 and a 52 week high of $20.55.

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

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 annualized dividend and a yield of 14.7%. DHT’s payout ratio is presently 124.27%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DHT shares. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. BTIG Research increased their price objective on shares of DHT from $18.00 to $23.00 and gave the company 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 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, Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, DHT currently has a consensus 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.