Marnell Management LLC Invests $1.79 Million in DHT Holdings, Inc. $DHT

Marnell Management LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, HoldingsChannel reports. The fund purchased 146,793 shares of the shipping company’s stock, valued at approximately $1,792,000. DHT accounts for approximately 0.9% of Marnell Management LLC’s holdings, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 1,596 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of 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 purchasing an additional 2,042 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of DHT during the fourth quarter worth $58,000. Leonteq Securities AG bought a new position in shares of DHT during the fourth quarter worth $59,000. Finally, Sunbelt Securities Inc. bought a new position in shares of DHT during the third quarter worth $60,000. 58.53% of the stock is owned by institutional investors.

DHT Trading Down 0.1%

DHT opened at $17.55 on Monday. The stock has a market capitalization of $2.83 billion, a P/E ratio of 8.52 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 firm’s fifty day simple moving average is $17.71 and its 200 day simple moving average is $15.88. The company has a current ratio of 1.83, a quick ratio of 1.62 and a debt-to-equity ratio of 0.33.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. The firm’s revenue was up 134.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were given a $0.64 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 14.6%. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is presently 124.27%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DHT. Dnb Carnegie cut shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Evercore cut shares of 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. BTIG Research boosted their price objective on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.33.

DHT 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.