Counterpoint Mutual Funds LLC Has $4.20 Million Stock Holdings in DHT Holdings, Inc. $DHT

Counterpoint Mutual Funds LLC increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 451.1% in the first quarter, Holdings Channel.com reports. The firm owned 229,694 shares of the shipping company’s stock after purchasing an additional 188,015 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in DHT were worth $4,197,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DHT. EverSource Wealth Advisors LLC boosted its holdings in shares of DHT by 91.8% in 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 period. Caitong International Asset Management Co. Ltd increased its position in shares of DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after acquiring an additional 3,022 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of DHT during the fourth quarter worth $58,000. Leonteq Securities AG acquired a new stake in shares of DHT during the fourth quarter worth $59,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of DHT during the third quarter worth $60,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Price Performance

Shares of DHT opened at $17.16 on Friday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 8.33 and a beta of -0.11. DHT Holdings, Inc. has a twelve month low of $10.61 and a twelve month high of $20.55. The company has a 50 day moving average of $17.75 and a 200-day moving average of $16.42. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33.

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

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 14.9%. The ex-dividend date was Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is presently 124.27%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DHT shares. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. BTIG Research lifted their price target on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Evercore lowered DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.