DHT Holdings, Inc. $DHT Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,184,149 shares of the shipping company’s stock after selling 50,890 shares during the period. Bridgeway Capital Management LLC owned about 0.74% of DHT worth $14,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after acquiring an additional 1,596 shares during the period. Fifth Third Bancorp grew its holdings in DHT by 96.5% during the third quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after acquiring an additional 2,042 shares during the period. Sound Income Strategies LLC acquired a new stake in DHT during the fourth quarter worth about $58,000. Leonteq Securities AG purchased a new position in DHT during the fourth quarter worth approximately $59,000. Finally, Sunbelt Securities Inc. purchased a new position in DHT during the third quarter worth approximately $60,000. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Trading Down 1.6%

DHT opened at $18.11 on Thursday. The business has a fifty day moving average price of $17.69 and a 200 day moving average price of $15.99. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.79 and a beta of -0.12. DHT Holdings, Inc. has a 12 month low of $10.61 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. DHT had a return on equity of 27.54% and a net margin of 58.54%.The business had revenue of $157.20 million for the quarter, compared to analyst estimates of $152.15 million. During the same quarter last year, the company earned $0.27 EPS. The business’s quarterly revenue was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were given a dividend of $0.64 per share. This is a boost from DHT’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.56 annualized dividend and a dividend yield of 14.1%. DHT’s dividend payout ratio is 124.27%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore downgraded 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. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Dnb Carnegie downgraded DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. BTIG Research raised their target price on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded DHT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

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.