Bank of America Corp DE boosted its stake in DHT Holdings, Inc. (NYSE:DHT) by 87.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,646 shares of the shipping company’s stock after acquiring an additional 12,407 shares during the period. Bank of America Corp DE’s holdings in DHT Holdings were worth $119,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of DHT. Legal & General Group Plc raised its position in shares of DHT Holdings by 1.1% during the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after purchasing an additional 260 shares during the period. Wellington Management Group LLP bought a new stake in DHT Holdings during the first quarter worth $146,000. Engineers Gate Manager LP bought a new stake in DHT Holdings during the first quarter worth $148,000. SG Americas Securities LLC grew its holdings in DHT Holdings by 4.0% during the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock worth $159,000 after buying an additional 1,360 shares in the last quarter. Finally, KCG Holdings Inc. grew its holdings in DHT Holdings by 270.0% during the first quarter. KCG Holdings Inc. now owns 47,542 shares of the shipping company’s stock worth $213,000 after buying an additional 34,692 shares in the last quarter. 33.87% of the stock is currently owned by hedge funds and other institutional investors.
DHT has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $5.25 price objective on shares of DHT Holdings in a research note on Friday, July 7th. ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Maxim Group set a $7.00 price target on DHT Holdings and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.75.
DHT Holdings, Inc. (NYSE DHT) opened at 4.01 on Thursday. DHT Holdings, Inc. has a one year low of $3.29 and a one year high of $5.20. The company’s 50 day moving average price is $3.88 and its 200-day moving average price is $4.28. The stock’s market capitalization is $570.81 million.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $59.63 million for the quarter, compared to analyst estimates of $58.47 million. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. Analysts expect that DHT Holdings, Inc. will post $0.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 22nd. DHT Holdings’s payout ratio is presently -18.18%.
DHT Holdings Company Profile
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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