SG Americas Securities LLC Boosts Stock Position in DHT Holdings, Inc. $DHT

SG Americas Securities LLC grew its holdings in DHT Holdings, Inc. (NYSE:DHT) by 294.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 406,294 shares of the shipping company’s stock after purchasing an additional 303,401 shares during the period. SG Americas Securities LLC owned about 0.25% of DHT worth $4,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kingsview Wealth Management LLC bought a new position in shares of DHT in the third quarter worth about $2,657,000. GSA Capital Partners LLP increased its stake in DHT by 193.7% in the 3rd quarter. GSA Capital Partners LLP now owns 195,438 shares of the shipping company’s stock worth $2,335,000 after buying an additional 128,900 shares during the period. Victory Capital Management Inc. lifted its holdings in DHT by 360.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock valued at $35,416,000 after buying an additional 2,320,564 shares in the last quarter. American Century Companies Inc. boosted its position in DHT by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock valued at $63,097,000 after buying an additional 380,688 shares during the period. Finally, Harvey Capital Management Inc. purchased a new stake in DHT in the 3rd quarter valued at about $2,368,000. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHT has been the topic of a number of research reports. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. BTIG Research increased 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. Finally, Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, DHT currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

DHT Trading Down 0.8%

NYSE DHT opened at $18.12 on Thursday. 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 quick ratio of 2.47 and a current ratio of 2.80. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 13.83 and a beta of -0.09. The company’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $14.07.

DHT (NYSE:DHT) last announced its quarterly 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 net margin of 42.35% and a return on equity of 17.70%. The firm had revenue of $117.85 million during the quarter, compared to analysts’ expectations of $116.96 million. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue was up 37.8% compared to the same quarter last year. Equities analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were given a dividend of $0.41 per share. This is a boost from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.64 annualized dividend and a yield of 9.1%. DHT’s payout ratio is 125.19%.

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.