Legato Capital Management LLC Takes $483,000 Position in DHT Holdings, Inc. $DHT

Legato Capital Management LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 39,584 shares of the shipping company’s stock, valued at approximately $483,000.

A number of other large investors also recently made changes to their positions in the stock. Axxcess Wealth Management LLC acquired a new position in shares of DHT in the 4th quarter valued at $369,000. Leonteq Securities AG acquired a new position in shares of DHT in the 4th quarter valued at $59,000. Rathbones Group PLC acquired a new position in shares of DHT in the 4th quarter valued at $125,000. ProShare Advisors LLC lifted its stake in shares of DHT by 13.4% in the 4th quarter. ProShare Advisors LLC now owns 24,718 shares of the shipping company’s stock valued at $302,000 after purchasing an additional 2,915 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of DHT by 82.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 314,946 shares of the shipping company’s stock valued at $3,845,000 after purchasing an additional 142,778 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

DHT has been the subject of several research analyst reports. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Evercore lowered shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target for the company. in a report on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Finally, BTIG Research boosted their price target on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

DHT Trading Up 0.3%

DHT opened at $17.44 on Wednesday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 8.47 and a beta of -0.08. DHT Holdings, Inc. has a 12 month low of $10.61 and a 12 month high of $20.55. The firm’s fifty day simple moving average is $18.01 and its 200 day simple moving average is $15.59. The company has a current ratio of 1.83, a quick ratio of 1.62 and a debt-to-equity ratio of 0.33.

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

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be given a $0.64 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 14.7%. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is presently 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.