Victory Capital Management Inc. Purchases 2,320,564 Shares of DHT Holdings, Inc. $DHT

Victory Capital Management Inc. boosted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 360.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,963,693 shares of the shipping company’s stock after acquiring an additional 2,320,564 shares during the quarter. Victory Capital Management Inc. owned 1.85% of DHT worth $35,416,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Federated Hermes Inc. increased its stake in 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 purchasing an additional 1,368 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of DHT by 190.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after buying an additional 1,982 shares during the period. EverSource Wealth Advisors LLC increased its position in DHT by 91.8% in the 2nd 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 in the last quarter. Fifth Third Bancorp raised its stake in DHT by 96.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after buying an additional 2,042 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in DHT during the 3rd quarter worth approximately $70,000. Institutional investors own 58.53% of the company’s stock.

DHT Trading Down 2.6%

DHT stock opened at $18.06 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. The company has a market capitalization of $2.90 billion, a PE ratio of 13.78 and a beta of -0.13. The company’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $13.34. DHT Holdings, Inc. has a one year low of $8.99 and a one year high of $20.55.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 42.35% and a return on equity of 17.70%. The business’s revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. As a group, analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were paid 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 dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, February 19th. DHT’s payout ratio is currently 125.19%.

Analysts Set New Price Targets

Several research firms have recently commented on DHT. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen downgraded DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, BTIG Research boosted their target price on shares of DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.