GSA Capital Partners LLP Buys 128,900 Shares of DHT Holdings, Inc. $DHT

GSA Capital Partners LLP raised its stake in DHT Holdings, Inc. (NYSE:DHT) by 193.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,438 shares of the shipping company’s stock after acquiring an additional 128,900 shares during the quarter. GSA Capital Partners LLP owned about 0.12% of DHT worth $2,335,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DHT. First Trust Advisors LP grew its holdings in DHT by 0.6% in the 2nd quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock valued at $1,918,000 after buying an additional 1,114 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of DHT by 101.6% in the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,368 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 1,596 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of DHT by 4.5% in the second quarter. Osaic Holdings Inc. now owns 37,567 shares of the shipping company’s stock valued at $406,000 after acquiring an additional 1,634 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in DHT by 190.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after acquiring an additional 1,982 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Price Performance

Shares of DHT stock opened at $15.91 on Tuesday. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34. DHT Holdings, Inc. has a twelve month low of $8.99 and a twelve month high of $15.93. The company has a market cap of $2.55 billion, a P/E ratio of 12.14 and a beta of -0.07. The business has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $12.66.

DHT (NYSE:DHT) last released its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, sell-side analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be given a $0.41 dividend. This is an increase from DHT’s previous quarterly dividend of $0.18. This represents a $1.64 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Thursday, February 19th. DHT’s dividend payout ratio (DPR) is 54.96%.

Wall Street Analyst Weigh In

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

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.