Legato Capital Management LLC Invests $483,000 in DHT Holdings, Inc. $DHT

Legato Capital Management LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,584 shares of the shipping company’s stock, valued at approximately $483,000.

Several other hedge funds also recently modified their holdings of DHT. Federated Hermes Inc. increased its holdings in shares of DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock worth $32,000 after buying an additional 1,368 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after buying an additional 1,596 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of DHT by 96.5% during the third 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 in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of DHT during the fourth quarter worth approximately $58,000. Finally, Leonteq Securities AG acquired a new stake in shares of DHT during the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT stock opened at $17.44 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. The firm has a market cap of $2.81 billion, a P/E ratio of 8.47 and a beta of -0.08. The firm has a 50 day simple moving average of $18.01 and a 200 day simple moving average of $15.59. DHT Holdings, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $20.55.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $157.20 million during 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%. DHT’s revenue for the quarter was up 134.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st will be paid a $0.64 dividend. This is an increase from DHT’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.7%. DHT’s dividend payout ratio (DPR) is currently 124.27%.

Wall Street Analysts Forecast Growth

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