Perbak Capital Partners LLP Purchases 43,815 Shares of DHT Holdings, Inc. $DHT

Perbak Capital Partners LLP grew its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 63.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 112,985 shares of the shipping company’s stock after acquiring an additional 43,815 shares during the period. Perbak Capital Partners LLP’s holdings in DHT were worth $1,350,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DHT. Dimensional Fund Advisors LP lifted its stake in shares of DHT by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,633,115 shares of the shipping company’s stock valued at $127,067,000 after purchasing an additional 66,242 shares during the period. American Century Companies Inc. grew its stake in DHT by 7.8% in the third quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock worth $63,097,000 after purchasing an additional 380,688 shares during the period. Victory Capital Management Inc. raised its holdings in DHT by 360.8% in the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after purchasing an additional 2,320,564 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in DHT by 18.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company’s stock worth $22,192,000 after purchasing an additional 293,580 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in DHT by 2.7% during the second quarter. Bridgeway Capital Management LLC now owns 1,164,952 shares of the shipping company’s stock valued at $12,593,000 after buying an additional 30,980 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT stock opened at $16.85 on Friday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.86 and a beta of -0.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. DHT Holdings, Inc. has a one year low of $8.99 and a one year high of $20.55. The company’s 50-day moving average is $15.51 and its 200 day moving average is $13.53.

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, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $117.80 million during the quarter, compared to analysts’ expectations of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Sell-side analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 9.7%. This is an increase 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 125.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, BTIG Research upped their price objective on shares of DHT from $16.00 to $18.00 and gave the stock 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 company’s stock. According to MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average price target of $16.33.

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.