46,404 Shares in DHT Holdings, Inc. $DHT Bought by MQS Management LLC

MQS Management LLC acquired a new stake in DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 46,404 shares of the shipping company’s stock, valued at approximately $555,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC grew its stake in shares of DHT by 21.5% in the third quarter. Castlekeep Investment Advisors LLC now owns 132,528 shares of the shipping company’s stock valued at $1,584,000 after buying an additional 23,446 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in DHT by 98.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 31,363 shares of the shipping company’s stock worth $375,000 after acquiring an additional 15,552 shares during the period. State of Wyoming boosted its holdings in DHT by 44.5% in the 3rd quarter. State of Wyoming now owns 42,282 shares of the shipping company’s stock worth $505,000 after acquiring an additional 13,024 shares during the period. Principal Financial Group Inc. grew its position in DHT by 25.9% in the third quarter. Principal Financial Group Inc. now owns 124,828 shares of the shipping company’s stock valued at $1,492,000 after acquiring an additional 25,662 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in DHT by 112.1% in the third quarter. Thrivent Financial for Lutherans now owns 172,168 shares of the shipping company’s stock valued at $2,057,000 after acquiring an additional 90,993 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Trading Up 1.3%

DHT opened at $15.08 on Wednesday. DHT Holdings, Inc. has a 12-month low of $8.99 and a 12-month high of $15.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. The stock has a market capitalization of $2.42 billion, a PE ratio of 11.51 and a beta of -0.07. The firm’s fifty day moving average price is $13.08 and its 200 day moving average price is $12.53.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $117.80 million during the quarter, compared to analyst estimates of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. As a group, research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.9%. This is a positive change from DHT’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 19th. DHT’s payout ratio is 125.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DHT shares. BTIG Research boosted their target price on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Jefferies Financial Group restated a “buy” rating and set a $16.00 target price on shares of DHT in a research note on Thursday, October 30th. Finally, Evercore boosted their price target on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.33.

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.