GSA Capital Partners LLP Acquires 128,900 Shares of DHT Holdings, Inc. $DHT

GSA Capital Partners LLP grew its stake in DHT Holdings, Inc. (NYSE:DHT) by 193.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,438 shares of the shipping company’s stock after buying an additional 128,900 shares during the period. GSA Capital Partners LLP’s holdings in DHT were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in shares of DHT by 101.6% in the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,368 shares during the period. Roble Belko & Company Inc bought a new stake in DHT in the second quarter worth approximately $30,000. PNC Financial Services Group Inc. lifted its stake in DHT by 190.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after buying an additional 1,982 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after buying an additional 1,596 shares in the last quarter. Finally, 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 worth $50,000 after buying an additional 2,042 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Stock Up 3.1%

DHT opened at $15.91 on Tuesday. DHT Holdings, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $15.93. The firm has a market capitalization of $2.55 billion, a P/E ratio of 12.14 and a beta of -0.07. The company’s 50-day moving average is $13.31 and its 200 day moving average is $12.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47.

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

DHT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be issued a $0.41 dividend. This is an increase from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.3%. DHT’s payout ratio is presently 54.96%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DHT. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Evercore increased their price target on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, BTIG Research lifted their price objective on shares of DHT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.