Kingsview Wealth Management LLC Increases Stake in DHT Holdings, Inc. $DHT

Kingsview Wealth Management LLC grew its position in DHT Holdings, Inc. (NYSE:DHT) by 61.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,982 shares of the shipping company’s stock after acquiring an additional 135,664 shares during the quarter. Kingsview Wealth Management LLC owned about 0.22% of DHT worth $4,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of DHT by 360.8% in the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after purchasing an additional 2,320,564 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of DHT by 706.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock worth $11,650,000 after purchasing an additional 943,990 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of DHT by 7.8% in the third quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock worth $63,097,000 after purchasing an additional 380,688 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of DHT by 1,376.6% in the second quarter. Lazard Asset Management LLC now owns 388,043 shares of the shipping company’s stock worth $4,194,000 after purchasing an additional 361,764 shares during the last quarter. Finally, Ruffer LLP bought a new position in shares of DHT in the fourth quarter worth about $4,387,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHT. Dnb Carnegie cut shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. BTIG Research upped their price objective on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

DHT Stock Down 0.2%

NYSE:DHT opened at $16.31 on Friday. DHT Holdings, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $20.55. The stock has a market capitalization of $2.63 billion, a P/E ratio of 7.92 and a beta of -0.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. The company’s 50-day simple moving average is $17.97 and its 200-day simple moving average is $15.64.

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

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders 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 15.7%. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is 124.27%.

DHT Company 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.