LSV Asset Management Sells 122,108 Shares of DHT Holdings, Inc. $DHT

LSV Asset Management decreased its position in DHT Holdings, Inc. (NYSE:DHT) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 944,204 shares of the shipping company’s stock after selling 122,108 shares during the quarter. LSV Asset Management owned 0.59% of DHT worth $11,283,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DHT. AQR Capital Management LLC grew its stake in DHT by 178.9% during the first quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock worth $741,000 after buying an additional 45,275 shares during the last quarter. CWM LLC boosted its holdings in shares of DHT by 196.1% in the 2nd quarter. CWM LLC now owns 9,071 shares of the shipping company’s stock worth $98,000 after acquiring an additional 6,008 shares in the last quarter. Ritholtz Wealth Management bought a new stake in DHT during the 2nd quarter worth approximately $223,000. Caitong International Asset Management Co. Ltd grew its position in DHT by 260.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company’s stock worth $63,000 after acquiring an additional 4,176 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in DHT during the 2nd quarter valued at $171,000. 58.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of recent analyst reports. BTIG Research boosted their price objective on DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and set a $16.00 price target on shares of DHT in a research report on Thursday, October 30th. Evercore raised their price objective on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.33.

DHT Stock Performance

Shares of NYSE:DHT opened at $15.91 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34. DHT Holdings, Inc. has a 1-year low of $8.99 and a 1-year high of $15.93. The stock has a market capitalization of $2.55 billion, a P/E ratio of 12.14 and a beta of -0.07. The business has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $12.61.

DHT (NYSE:DHT) last issued its 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. The company had revenue of $117.80 million for the quarter, compared to analyst estimates of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Equities analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.64 dividend on an annualized basis and a yield of 10.3%. This is a boost from DHT’s previous quarterly dividend of $0.18. DHT’s dividend payout ratio (DPR) is presently 54.96%.

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.