MQS Management LLC Makes New $555,000 Investment in DHT Holdings, Inc. $DHT

MQS Management LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,404 shares of the shipping company’s stock, valued at approximately $555,000.

A number of other hedge funds have also modified their holdings of the business. Harvey Capital Management Inc. purchased a new stake in DHT in the 3rd quarter valued at approximately $2,368,000. Bailard Inc. acquired a new position in shares of DHT in the second quarter worth $623,000. Campbell & CO Investment Adviser LLC raised its holdings in shares of DHT by 75.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 199,595 shares of the shipping company’s stock worth $2,385,000 after acquiring an additional 85,756 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DHT in the second quarter valued at $329,000. Finally, American Century Companies Inc. boosted its stake 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 acquiring an additional 491,717 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Price Performance

Shares of DHT stock opened at $15.08 on Wednesday. The business’s fifty day moving average price is $13.08 and its 200 day moving average price is $12.53. DHT Holdings, Inc. has a twelve month low of $8.99 and a twelve month high of $15.17. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.42 billion, a P/E ratio of 11.51 and a beta of -0.07.

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

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.9%. This is a positive change from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 19th. DHT’s dividend payout ratio is presently 125.19%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DHT. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. BTIG Research boosted their price objective on shares of DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Evercore upped their price objective on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a $16.00 target price on shares of DHT in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and an average price target of $16.33.

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.