DHT Holdings, Inc. $DHT Stock Holdings Reduced by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in DHT Holdings, Inc. (NYSE:DHT) by 32.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,868 shares of the shipping company’s stock after selling 53,678 shares during the period. Squarepoint Ops LLC owned 0.07% of DHT worth $1,220,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans bought a new position in shares of DHT in the 2nd quarter valued at approximately $878,000. State of Wyoming bought a new position in DHT in the 2nd quarter worth $316,000. Nomura Holdings Inc. bought a new position in shares of DHT in the second quarter worth about $687,000. Tower Research Capital LLC TRC boosted its position in shares of DHT by 58.1% in the second quarter. Tower Research Capital LLC TRC now owns 18,139 shares of the shipping company’s stock valued at $196,000 after acquiring an additional 6,663 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in DHT by 13.5% in the 2nd quarter. Corient Private Wealth LLC now owns 20,881 shares of the shipping company’s stock valued at $226,000 after purchasing an additional 2,484 shares during the period. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Down 1.8%

DHT opened at $12.23 on Friday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 9.86 and a beta of -0.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.02 and a current ratio of 2.41. The firm’s 50-day simple moving average is $12.81 and its 200-day simple moving average is $12.01. DHT Holdings, Inc. has a twelve month low of $8.76 and a twelve month high of $13.85.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. The firm had revenue of $107.35 million during the quarter, compared to the consensus estimate of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.05%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. Equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 5.9%. DHT’s dividend payout ratio is 58.06%.

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Wall Street Zen cut DHT from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of DHT in a report on Thursday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Finally, Evercore ISI lifted their target price on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, DHT currently has an average rating of “Moderate Buy” and an average target price of $15.67.

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.