JPMorgan Chase & Co. Trims Stock Holdings in DHT Holdings, Inc. $DHT

JPMorgan Chase & Co. lowered its holdings in DHT Holdings, Inc. (NYSE:DHT) by 38.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,436 shares of the shipping company’s stock after selling 152,632 shares during the period. JPMorgan Chase & Co.’s holdings in DHT were worth $2,957,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in DHT by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,633,115 shares of the shipping company’s stock worth $127,067,000 after buying an additional 66,242 shares during the period. American Century Companies Inc. lifted its position in shares of DHT by 7.8% during the third quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock worth $63,097,000 after acquiring an additional 380,688 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of DHT by 360.8% during the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after acquiring an additional 2,320,564 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of DHT by 11.9% in the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after acquiring an additional 248,620 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 acquiring an additional 293,580 shares during the period. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Price Performance

NYSE:DHT opened at $18.63 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 14.22 and a beta of -0.09. DHT Holdings, Inc. has a 52-week low of $8.99 and a 52-week high of $20.55. The stock has a fifty day moving average of $16.92 and a 200 day moving average of $14.15. 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 (NYSE:DHT) last announced its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 $117.85 million for the quarter, compared to analyst estimates of $116.96 million. During the same period in the prior year, the company earned $0.34 EPS. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 8.8%. This is a positive change from DHT’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 19th. DHT’s dividend payout ratio (DPR) is currently 125.19%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DHT shares. Dnb Carnegie lowered DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a report on Wednesday, January 21st. Wall Street Zen upgraded DHT from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, BTIG Research increased their price target 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.33.

DHT Company 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.