DHT Holdings, Inc. $DHT Position Lessened by Hosking Partners LLP

Hosking Partners LLP trimmed its position in DHT Holdings, Inc. (NYSE:DHT – Free Report) by 10.0% in the third quarter, HoldingsChannel.com reports. The firm owned 2,807,780 shares of the shipping company’s stock after selling 310,655 shares during the period. DHT comprises 2.2% of Hosking Partners LLP’s investment portfolio, making the stock its 9th largest holding. Hosking Partners LLP’s holdings in DHT were worth $63,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in DHT by 74.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock worth $78,849,000 after purchasing an additional 1,836,892 shares during the period. Bank of America Corp DE boosted its stake in DHT by 168.3% during the first quarter. Bank of America Corp DE now owns 1,186,289 shares of the shipping company’s stock worth $21,674,000 after buying an additional 744,130 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in DHT by 1,072.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,162,300 shares of the shipping company’s stock valued at $21,235,000 after buying an additional 1,063,134 shares during the period. Empowered Funds LLC increased its holdings in DHT by 6.0% in the 1st quarter. Empowered Funds LLC now owns 773,163 shares of the shipping company’s stock valued at $14,126,000 after buying an additional 43,514 shares during the period. Finally, Congress Asset Management Co. increased its holdings in DHT by 20.7% in the 3rd quarter. Congress Asset Management Co. now owns 588,373 shares of the shipping company’s stock valued at $13,280,000 after buying an additional 101,020 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DHT shares. BTIG Research raised their price objective on shares of DHT from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Weiss Ratings upgraded shares of DHT from a “buy (b+)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.

View Our Latest Stock Report on DHT

DHT Stock Up 3.5%

NYSE DHT opened at $24.17 on Thursday. DHT Holdings, Inc. has a 1-year low of $11.64 and a 1-year high of $26.91. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 8.22 and a beta of -0.03. The stock’s 50 day moving average is $21.83 and its two-hundred day moving average is $19.27. 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 (NYSE:DHT – Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.04. The business had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $247.17 million. DHT had a return on equity of 39.40% and a net margin of 65.52%. DHT’s quarterly revenue was up 174.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.88 annualized dividend and a yield of 20.2%. This is a positive change from DHT’s previous quarterly dividend of $0.64. DHT’s payout ratio is presently 165.99%.

Insider Activity

In other DHT news, Director Erik Lind sold 30,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $22.46, for a total transaction of $673,800.00. Following the completion of the transaction, the director directly owned 132,294 shares in the company, valued at $2,971,323.24. This represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Laila Halvorsen sold 50,000 shares of DHT stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $20.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer directly owned 161,011 shares of the company’s stock, valued at approximately $3,220,220. The trade was a 23.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 583,803 shares of company stock valued at $11,843,097. 1.60% of the stock is owned by company insiders.

DHT Profile

(Free Report)

DHT Holdings, Inc (NYSE:DHT) is a maritime transportation company that owns and operates crude oil tankers. The company’s fleet is primarily composed of very large crude carriers (VLCCs), which transport large volumes of crude oil between major production and refining markets worldwide.

DHT provides ocean transportation services to energy companies, commodity traders and other customers through voyage charters, time charters and other commercial arrangements. Its operations include the commercial, technical and safety management of its vessels, with activities serving international crude oil trade routes across the Atlantic, Pacific and other major maritime regions.

Founded in 2005, DHT is incorporated in the Marshall Islands and has corporate and operational activities based in Bermuda, Norway and Singapore.

Further Reading

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Institutional Ownership by Quarter for DHT (NYSE:DHT)

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