American Century Companies Inc. Increases Holdings in DHT Holdings, Inc. $DHT

American Century Companies Inc. lifted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 7.8% in the third quarter, Holdings Channel reports. The fund owned 5,280,063 shares of the shipping company’s stock after purchasing an additional 380,688 shares during the quarter. American Century Companies Inc.’s holdings in DHT were worth $63,097,000 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. Federated Hermes Inc. raised its position in DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,368 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of DHT by 190.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,982 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of DHT by 91.8% in the 2nd 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 during the period. Fifth Third Bancorp increased its position in shares of DHT by 96.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 2,042 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in DHT during the 3rd quarter valued at $70,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Price Performance

Shares of DHT stock opened at $18.62 on Thursday. The company has a market capitalization of $2.99 billion, a P/E ratio of 14.21 and a beta of -0.13. The company’s 50-day simple moving average is $14.69 and its two-hundred day simple moving average is $13.22. DHT Holdings, Inc. has a one year low of $8.99 and a one year 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.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping 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 business had revenue of $117.80 million during the quarter, compared to analysts’ expectations of $116.96 million. During the same period in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a 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 currently 125.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DHT shares. Wall Street Zen downgraded shares of DHT from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, BTIG Research raised their price objective 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.