TrueMark Investments LLC Purchases New Stake in DHT Holdings, Inc. $DHT

TrueMark Investments LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 72,960 shares of the shipping company’s stock, valued at approximately $891,000.

Other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP raised its position in shares of 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. 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 acquiring an additional 1,368 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 during the last quarter. Osaic Holdings Inc. raised its position in DHT by 4.5% during the second quarter. Osaic Holdings Inc. now owns 37,567 shares of the shipping company’s stock valued at $406,000 after purchasing an additional 1,634 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake 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 purchasing an additional 1,982 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Dnb Carnegie downgraded DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. BTIG Research raised their price objective on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.33.

DHT Stock Performance

Shares of DHT stock opened at $18.11 on Monday. The company’s 50 day moving average price is $16.44 and its two-hundred day moving average price is $13.96. The firm has a market capitalization of $2.91 billion, a P/E ratio of 13.82 and a beta of -0.13. DHT Holdings, Inc. has a fifty-two week low of $8.99 and a fifty-two week high of $20.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47.

DHT (NYSE:DHT) last announced its quarterly 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. DHT had a net margin of 42.35% and a return on equity of 17.70%. The company had revenue of $117.85 million during the quarter, compared to the consensus estimate of $116.96 million. During the same period in the prior year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. On average, equities analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend was Thursday, February 19th. This is a boost from DHT’s previous quarterly dividend of $0.18. DHT’s payout ratio is currently 125.19%.

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.