DHT Holdings, Inc. $DHT Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 54.1% in the 1st quarter, Holdings Channel reports. The fund owned 58,486 shares of the shipping company’s stock after selling 68,939 shares during the period. Y Intercept Hong Kong Ltd’s holdings in DHT were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DHT. State of Alaska Department of Revenue increased its stake in shares of DHT by 593.3% in the fourth quarter. State of Alaska Department of Revenue now owns 41,145 shares of the shipping company’s stock worth $501,000 after buying an additional 35,210 shares during the last quarter. Artemis Investment Management LLP bought a new position in DHT during the 4th quarter valued at $2,720,000. SG Americas Securities LLC boosted its stake in DHT by 294.9% during the 4th quarter. SG Americas Securities LLC now owns 406,294 shares of the shipping company’s stock valued at $4,961,000 after acquiring an additional 303,401 shares during the last quarter. TrueMark Investments LLC acquired a new position in DHT during the 4th quarter worth $891,000. Finally, Strs Ohio bought a new stake in shares of DHT in the 4th quarter worth about $774,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Performance

Shares of NYSE DHT traded up $0.82 during midday trading on Friday, hitting $17.75. The company’s stock had a trading volume of 2,328,385 shares, compared to its average volume of 3,960,137. DHT Holdings, Inc. has a 1-year low of $10.61 and a 1-year high of $20.55. The firm’s fifty day moving average price is $17.67 and its 200-day moving average price is $16.59. 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 firm has a market cap of $2.86 billion, a P/E ratio of 8.62 and a beta of -0.11.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $152.15 million. During the same quarter last year, the company posted $0.27 earnings per share. DHT’s revenue was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were issued a $0.64 dividend. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.56 annualized dividend and a dividend yield of 14.4%. DHT’s dividend payout ratio (DPR) is 124.27%.

Analyst Upgrades and Downgrades

DHT has been the topic of several research analyst reports. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, April 22nd. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, BTIG Research lifted their target price on DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

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.