Impala Asset Management LLC Takes Position in DHT Holdings, Inc. $DHT

Impala Asset Management LLC acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 50,000 shares of the shipping company’s stock, valued at approximately $914,000. DHT comprises about 0.4% of Impala Asset Management LLC’s holdings, making the stock its 24th largest position.

Several other large investors have also made changes to their positions in DHT. Marex Group plc grew its position in DHT by 5,860.2% during the fourth quarter. Marex Group plc now owns 1,084,752 shares of the shipping company’s stock valued at $13,245,000 after acquiring an additional 1,066,552 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of DHT by 706.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock worth $11,650,000 after purchasing an additional 943,990 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of DHT in the 4th quarter worth about $8,927,000. Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of DHT in the 1st quarter valued at about $13,123,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of DHT by 447.5% in the 4th quarter. Public Sector Pension Investment Board now owns 744,601 shares of the shipping company’s stock valued at $9,092,000 after purchasing an additional 608,601 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research report on Wednesday, April 22nd. Finally, BTIG Research increased their price objective on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.33.

DHT Trading Down 1.9%

Shares of DHT opened at $18.13 on Thursday. The stock’s 50-day moving average is $17.54 and its two-hundred day moving average is $16.94. The stock has a market cap of $2.92 billion, a PE ratio of 8.80 and a beta of -0.11. DHT Holdings, Inc. has a 12 month low of $10.69 and a 12 month high of $20.55. 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 (NYSE:DHT) last issued its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million during the quarter, compared to the consensus estimate of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The company’s revenue was up 134.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were issued a $0.64 dividend. The ex-dividend date was Thursday, May 21st. This represents a $2.56 dividend on an annualized basis and a yield of 14.1%. This is a boost from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio (DPR) is currently 124.27%.

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.