Kingsview Wealth Management LLC Buys Shares of 222,318 DHT Holdings, Inc. $DHT

Kingsview Wealth Management LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 222,318 shares of the shipping company’s stock, valued at approximately $2,657,000. Kingsview Wealth Management LLC owned 0.14% of DHT as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of DHT. GSA Capital Partners LLP lifted its holdings in DHT by 193.7% in the third quarter. GSA Capital Partners LLP now owns 195,438 shares of the shipping company’s stock worth $2,335,000 after purchasing an additional 128,900 shares during the period. Harvey Capital Management Inc. acquired a new position in DHT during the 3rd quarter valued at about $2,368,000. Bailard Inc. acquired a new position in DHT during the 2nd quarter valued at about $623,000. Thrivent Financial for Lutherans raised its position in shares of DHT by 112.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 172,168 shares of the shipping company’s stock worth $2,057,000 after buying an additional 90,993 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of DHT in the 2nd quarter worth approximately $329,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Down 3.3%

DHT stock opened at $18.62 on Thursday. The firm has a market cap of $2.99 billion, a PE ratio of 14.21 and a beta of -0.13. DHT Holdings, Inc. has a 12 month low of $8.99 and a 12 month 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. The firm has a 50 day simple moving average of $14.69 and a 200 day simple moving average of $13.22.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. DHT had a return on equity of 17.70% and a net margin of 42.35%.The company had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.96 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up 37.8% on a year-over-year basis. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 19th. DHT’s payout ratio is presently 125.19%.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Wall Street Zen downgraded DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, BTIG Research upped their price objective on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and an average price target of $16.33.

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.