Dimensional Fund Advisors LP Boosts Stock Position in DHT Holdings, Inc. $DHT

Dimensional Fund Advisors LP increased its stake in DHT Holdings, Inc. (NYSE:DHT) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,633,115 shares of the shipping company’s stock after purchasing an additional 66,242 shares during the quarter. Dimensional Fund Advisors LP owned about 6.62% of DHT worth $127,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in DHT by 360.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after purchasing an additional 2,320,564 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in DHT by 706.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock valued at $11,650,000 after buying an additional 943,990 shares in the last quarter. American Century Companies Inc. increased its position in shares of DHT by 11.2% during the second quarter. American Century Companies Inc. now owns 4,899,375 shares of the shipping company’s stock valued at $52,962,000 after buying an additional 491,717 shares during the period. Lazard Asset Management LLC increased its position in shares of DHT by 1,376.6% during the second quarter. Lazard Asset Management LLC now owns 388,043 shares of the shipping company’s stock valued at $4,194,000 after buying an additional 361,764 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of DHT in the third quarter worth about $2,657,000. 58.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DHT shares. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. BTIG Research increased their target price on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.33.

DHT Price Performance

DHT stock opened at $17.87 on Thursday. The firm has a market cap of $2.87 billion, a P/E ratio of 13.64 and a beta of -0.13. The firm’s fifty day moving average is $15.31 and its 200 day moving average is $13.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. DHT Holdings, Inc. has a 52 week low of $8.99 and a 52 week high of $20.55.

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

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were paid a $0.41 dividend. 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 annualized dividend and a dividend yield of 9.2%. DHT’s payout ratio is presently 125.19%.

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.