American Century Companies Inc. Purchases 380,688 Shares of DHT Holdings, Inc. $DHT

American Century Companies Inc. increased its position in DHT Holdings, Inc. (NYSE:DHT) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,280,063 shares of the shipping company’s stock after acquiring an additional 380,688 shares during the period. American Century Companies Inc. owned about 3.29% of DHT worth $63,097,000 at the end of the most recent reporting period.

A number of other hedge funds 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 worth $32,000 after purchasing an additional 1,368 shares during the period. PNC Financial Services Group Inc. grew its position in DHT by 190.9% during 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 increased its holdings in 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 last quarter. Fifth Third Bancorp raised its position in DHT by 96.5% in the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after acquiring an additional 2,042 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in DHT in the third quarter worth approximately $70,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. BTIG Research boosted their price target on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Finally, Dnb Carnegie downgraded DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

DHT Stock Down 3.3%

Shares of DHT stock opened at $18.62 on Thursday. The company’s fifty day simple moving average is $14.69 and its two-hundred day simple moving average is $13.22. DHT Holdings, Inc. has a 52 week low of $8.99 and a 52 week high of $20.55. The stock has a market cap of $2.99 billion, a P/E ratio of 14.21 and a beta of -0.13. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34.

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

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, February 19th. This is a positive change from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 dividend on an annualized basis and a yield of 8.8%. DHT’s payout ratio is currently 125.19%.

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.