Jackson Creek Investment Advisors LLC Purchases New Stake in DHT Holdings, Inc. $DHT

Jackson Creek Investment Advisors LLC purchased a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 135,212 shares of the shipping company’s stock, valued at approximately $1,651,000. Jackson Creek Investment Advisors LLC owned about 0.08% of DHT as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in DHT by 101.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,368 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in DHT by 91.8% during 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 during the last quarter. Fifth Third Bancorp raised its holdings in DHT by 96.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after buying an additional 2,042 shares during the last quarter. Sound Income Strategies LLC bought a new stake in DHT during the 4th quarter valued at $58,000. Finally, Leonteq Securities AG bought a new stake in DHT during the 4th quarter valued at $59,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHT has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. BTIG Research upped their price target on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. 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 upgraded 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

DHT Stock Up 0.3%

NYSE:DHT opened at $17.44 on Wednesday. The firm’s 50-day moving average price is $18.01 and its 200-day moving average price is $15.59. The company has a market capitalization of $2.81 billion, a PE ratio of 8.47 and a beta of -0.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. DHT Holdings, Inc. has a 1-year low of $10.61 and a 1-year high of $20.55.

DHT (NYSE:DHT) last announced its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS.

DHT Increases Dividend

The firm also recently disclosed 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 a boost from DHT’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, May 21st. This represents a $2.56 annualized dividend and a dividend yield of 14.7%. DHT’s dividend payout ratio (DPR) is currently 124.27%.

DHT 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.