Barclays PLC Boosts Holdings in DHT Holdings Inc (NYSE:DHT)

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Barclays PLC raised its position in DHT Holdings Inc (NYSE:DHT) by 136.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 313,855 shares of the shipping company’s stock after acquiring an additional 181,044 shares during the quarter. Barclays PLC’s holdings in DHT were worth $1,931,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHT. Lansdowne Partners UK LLP lifted its stake in shares of DHT by 3.7% in the 2nd quarter. Lansdowne Partners UK LLP now owns 3,191,653 shares of the shipping company’s stock worth $18,863,000 after acquiring an additional 113,994 shares during the period. Russell Investments Group Ltd. increased its position in DHT by 14.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 159,062 shares of the shipping company’s stock worth $978,000 after purchasing an additional 19,926 shares during the period. Renaissance Technologies LLC raised its stake in shares of DHT by 35.0% during the 2nd quarter. Renaissance Technologies LLC now owns 7,029,887 shares of the shipping company’s stock worth $41,547,000 after buying an additional 1,822,717 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of DHT during the 2nd quarter worth approximately $2,099,000. Finally, SG Americas Securities LLC lifted its holdings in shares of DHT by 122.3% in the 3rd quarter. SG Americas Securities LLC now owns 287,886 shares of the shipping company’s stock valued at $1,770,000 after buying an additional 158,395 shares during the period. 45.83% of the stock is currently owned by institutional investors.

DHT has been the topic of a number of analyst reports. Evercore ISI restated a “buy” rating and issued a $8.00 price target on shares of DHT in a research note on Thursday, August 8th. ValuEngine cut DHT from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Zacks Investment Research raised DHT from a “hold” rating to a “strong-buy” rating and set a $8.25 target price for the company in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.13.

Shares of NYSE DHT opened at $7.16 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 1.01. DHT Holdings Inc has a 52 week low of $3.60 and a 52 week high of $7.99. The firm has a 50-day moving average price of $7.45 and a 200 day moving average price of $6.25. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -28.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.52.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, October 23rd. The shipping company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. DHT had a net margin of 2.04% and a return on equity of 2.66%. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $55.16 million. During the same period in the prior year, the business posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts expect that DHT Holdings Inc will post 0.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.79%. DHT’s payout ratio is -80.00%.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Institutional Ownership by Quarter for DHT (NYSE:DHT)

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