DHT Holdings, Inc. $DHT Holdings Raised by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 42.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,031 shares of the shipping company’s stock after acquiring an additional 32,765 shares during the quarter. Raiffeisen Bank International AG owned approximately 0.07% of DHT worth $1,819,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of DHT by 168.3% during the 1st quarter. Bank of America Corp DE now owns 1,186,289 shares of the shipping company’s stock valued at $21,674,000 after purchasing an additional 744,130 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in DHT by 74.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock worth $78,849,000 after buying an additional 1,836,892 shares during the period. WIT Partners Advisory Pte. Ltd. purchased a new stake in DHT during the first quarter valued at about $5,163,000. Navellier & Associates Inc. purchased a new position in shares of DHT in the second quarter worth approximately $3,558,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of DHT during the first quarter valued at approximately $1,186,000. 58.53% of the stock is currently owned by institutional investors.

DHT Price Performance

NYSE:DHT opened at $20.93 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64. The company has a 50-day moving average of $18.48 and a 200-day moving average of $18.10. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 7.12 and a beta of -0.09. DHT Holdings, Inc. has a 52 week low of $10.83 and a 52 week high of $21.09.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The business had revenue of $254.96 million for the quarter, compared to analyst estimates of $247.17 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 174.8% compared to the same quarter last year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 23.3%. This is a boost from DHT’s previous quarterly dividend of $0.64. The ex-dividend date was Monday, August 17th. DHT’s dividend payout ratio is 165.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 24th. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Insider Transactions at DHT

In other DHT news, Director Svenn Edvardsen sold 341,007 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $20.29, for a total value of $6,919,032.03. Following the sale, the director directly owned 395,705 shares in the company, valued at approximately $8,028,854.45. This trade represents a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sophie Rossini sold 33,000 shares of DHT stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $20.04, for a total value of $661,320.00. Following the transaction, the director owned 78,543 shares in the company, valued at $1,574,001.72. This trade represents a 29.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 528,803 shares of company stock worth $10,644,297. Corporate insiders own 1.60% of the company’s stock.

About DHT

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.