Tudor Investment Corp ET AL Decreases Holdings in DHT Holdings, Inc. $DHT

Tudor Investment Corp ET AL decreased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 51.9% in the third quarter, Holdings Channel reports. The fund owned 286,238 shares of the shipping company’s stock after selling 308,626 shares during the quarter. Tudor Investment Corp ET AL’s holdings in DHT were worth $3,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHT. AQR Capital Management LLC raised its position in DHT by 178.9% during the first quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock valued at $741,000 after purchasing an additional 45,275 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of DHT in the 2nd quarter worth approximately $171,000. PNC Financial Services Group Inc. increased its position in shares of DHT by 190.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 1,982 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of DHT by 10.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 30,472 shares of the shipping company’s stock valued at $329,000 after purchasing an additional 2,936 shares during the last quarter. Finally, Creative Planning raised its holdings in DHT by 34.1% during the 2nd quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock valued at $164,000 after buying an additional 3,859 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Up 0.2%

NYSE:DHT opened at $17.81 on Friday. The stock has a fifty day simple moving average of $16.34 and a 200-day simple moving average of $13.89. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 13.59 and a beta of -0.13. DHT Holdings, Inc. has a twelve month low of $8.99 and a twelve month high of $20.55.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The company had revenue of $117.80 million for the quarter, compared to the consensus estimate of $116.96 million. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. Analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current 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 9.2%. 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 dividend payout ratio is 125.19%.

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of analyst reports. Dnb Carnegie downgraded DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Finally, BTIG Research lifted their price target on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DHT presently has an average rating of “Moderate Buy” and a consensus target price of $16.33.

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.