Globeflex Capital L P Buys Shares of 28,746 DHT Holdings, Inc. $DHT

Globeflex Capital L P bought a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,746 shares of the shipping company’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DHT. Redhawk Wealth Advisors Inc. lifted its holdings in shares of DHT by 117.9% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 25,394 shares of the shipping company’s stock worth $420,000 after purchasing an additional 13,738 shares during the last quarter. Baron Wealth Management LLC grew its stake in DHT by 7.4% during the 2nd quarter. Baron Wealth Management LLC now owns 15,843 shares of the shipping company’s stock worth $262,000 after buying an additional 1,093 shares during the last quarter. Rathbones Group PLC grew its stake in DHT by 53.7% during the 1st quarter. Rathbones Group PLC now owns 15,750 shares of the shipping company’s stock worth $288,000 after buying an additional 5,500 shares during the last quarter. Norris Financial Group LLC bought a new position in DHT during the 1st quarter worth $316,000. Finally, Western Wealth Management LLC acquired a new stake in DHT in the first quarter worth $46,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DHT. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

DHT Price Performance

Shares of NYSE:DHT opened at $19.18 on Wednesday. The firm’s 50 day moving average is $18.34 and its two-hundred day moving average is $17.86. The firm has a market capitalization of $3.09 billion, a P/E ratio of 6.52 and a beta of -0.11. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29. DHT Holdings, Inc. has a 52 week low of $10.83 and a 52 week high of $20.62.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a return on equity of 39.40% and a net margin of 65.52%.The business had revenue of $254.96 million during the quarter, compared to the consensus estimate of $247.17 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 25.4%. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from DHT’s previous quarterly dividend of $0.64. DHT’s dividend payout ratio (DPR) is presently 165.99%.

Insider Activity at DHT

In other DHT news, CFO Laila Cecilie Halvorsen sold 50,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer owned 161,011 shares in the company, valued at approximately $3,220,220. The trade was a 23.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Svenn Magne Edvardsen sold 341,007 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $20.29, for a total value of $6,919,032.03. Following the completion of the transaction, the director directly owned 395,705 shares of the company’s stock, valued at approximately $8,028,854.45. The trade was a 46.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 528,803 shares of company stock worth $10,644,297 in the last ninety days.

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.