UBS Group AG Purchases 221,210 Shares of DHT Holdings, Inc. $DHT

UBS Group AG grew its position in DHT Holdings, Inc. (NYSE:DHT) by 43.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 728,348 shares of the shipping company’s stock after purchasing an additional 221,210 shares during the period. UBS Group AG owned approximately 0.45% of DHT worth $8,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Ruffer LLP bought a new stake in shares of DHT in the fourth quarter valued at about $4,387,000. Bayforest Capital Ltd bought a new stake in DHT during the fourth quarter worth about $369,000. CWM LLC boosted its position in DHT by 24.4% during the fourth quarter. CWM LLC now owns 29,591 shares of the shipping company’s stock valued at $361,000 after purchasing an additional 5,795 shares during the last quarter. State of Alaska Department of Revenue boosted its position in DHT by 593.3% during the fourth quarter. State of Alaska Department of Revenue now owns 41,145 shares of the shipping company’s stock valued at $501,000 after purchasing an additional 35,210 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in DHT in the fourth quarter valued at approximately $58,000. 58.53% of the stock is currently owned by institutional investors.

DHT Price Performance

NYSE:DHT opened at $17.62 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $18.05 and its two-hundred day moving average price is $15.36. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.56 and a beta of -0.08. DHT Holdings, Inc. has a 12-month low of $10.61 and a 12-month high of $20.55.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $157.20 million for the quarter, compared to analyst estimates of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The business’s revenue for the quarter was up 134.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st will be paid a $0.64 dividend. This is a positive change from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 annualized dividend and a yield of 14.5%. The ex-dividend date is Thursday, May 21st. DHT’s dividend payout ratio is currently 79.61%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DHT shares. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a research note on Wednesday, April 22nd. BTIG Research boosted their target price on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.33.

DHT Company 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.