Victory Capital Management Inc. Buys 2,320,564 Shares of DHT Holdings, Inc. $DHT

Victory Capital Management Inc. grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 360.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,963,693 shares of the shipping company’s stock after acquiring an additional 2,320,564 shares during the quarter. Victory Capital Management Inc.’s holdings in DHT were worth $35,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. lifted its holdings 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 worth $32,000 after acquiring an additional 1,368 shares during the last quarter. PNC Financial Services Group Inc. grew 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 worth $33,000 after purchasing an additional 1,982 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after buying an additional 1,596 shares during the period. Fifth Third Bancorp increased its position in 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 purchasing an additional 2,042 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in DHT during the third quarter valued at approximately $70,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Down 2.6%

Shares of DHT opened at $18.06 on Monday. DHT Holdings, Inc. has a 52-week low of $8.99 and a 52-week high of $20.55. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $14.94 and a two-hundred day simple moving average of $13.34. The company has a market capitalization of $2.90 billion, a PE ratio of 13.78 and a beta of -0.13.

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

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were given a dividend of $0.41 per share. This is an increase from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, February 19th. DHT’s dividend payout ratio is currently 125.19%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, BTIG Research lifted their target price 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

About DHT

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.