Dimensional Fund Advisors LP grew its holdings in DHT Holdings, Inc. (NYSE:DHT) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,630,892 shares of the shipping company’s stock after buying an additional 694,006 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of DHT worth $81,974,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of DHT by 16.5% in the 2nd quarter. BlackRock Inc. now owns 7,450,958 shares of the shipping company’s stock valued at $48,356,000 after purchasing an additional 1,052,888 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of DHT by 7.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,375,783 shares of the shipping company’s stock valued at $15,419,000 after purchasing an additional 171,838 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of DHT in the 1st quarter valued at approximately $13,978,000. JPMorgan Chase & Co. lifted its stake in shares of DHT by 24.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,144,687 shares of the shipping company’s stock valued at $13,918,000 after purchasing an additional 419,045 shares during the period. Finally, TCW Group Inc. raised its stake in DHT by 10.7% during the second quarter. TCW Group Inc. now owns 1,580,251 shares of the shipping company’s stock valued at $10,256,000 after buying an additional 152,700 shares during the last quarter. Institutional investors and hedge funds own 55.79% of the company’s stock.
DHT has been the subject of a number of recent research reports. Stifel Nicolaus upgraded DHT from a “hold” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $7.00 in a research note on Tuesday, August 10th. Zacks Investment Research raised DHT from a “sell” rating to a “hold” rating in a report on Wednesday, July 7th. HC Wainwright raised DHT from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.50 to $8.00 in a report on Wednesday, August 11th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a $8.50 target price on shares of DHT in a report on Sunday, August 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $9.20.
DHT (NYSE:DHT) last issued its quarterly earnings data on Monday, August 9th. The shipping company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. DHT had a return on equity of 5.27% and a net margin of 18.31%. The company had revenue of $45.25 million during the quarter, compared to analyst estimates of $47.14 million. Analysts expect that DHT Holdings, Inc. will post -0.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 26th. Investors of record on Thursday, August 19th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, August 18th. This represents a $0.08 annualized dividend and a yield of 1.24%. DHT’s dividend payout ratio (DPR) is presently 4.60%.
DHT Holdings, Inc engages in the operation of a fleet of crude oil tankers. It operates through its integrated management companies in Monaco, Singapore, and Oslo, Norway. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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