Virtu Financial LLC Takes Position in DHT Holdings, Inc. $DHT

Virtu Financial LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 58,504 shares of the shipping company’s stock, valued at approximately $714,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHT. EverSource Wealth Advisors LLC raised its holdings in DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,596 shares in the last quarter. Fifth Third Bancorp boosted its holdings 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 valued at $50,000 after buying an additional 2,042 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of DHT during the 4th quarter valued at $58,000. Leonteq Securities AG purchased a new stake in shares of DHT in the 4th quarter worth about $59,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of DHT in the 3rd quarter worth about $60,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

Shares of NYSE:DHT opened at $19.79 on Tuesday. DHT Holdings, Inc. has a 1-year low of $10.61 and a 1-year high of $20.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. The business has a fifty day moving average price of $17.77 and a 200-day moving average price of $16.12. The company has a market capitalization of $3.19 billion, a PE ratio of 9.61 and a beta of -0.12.

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

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 12.9%. This is a boost from DHT’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, May 21st. DHT’s dividend payout ratio is presently 124.27%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DHT shares. Dnb Carnegie cut shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. BTIG Research lifted their target price on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

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.