Marnell Management LLC Purchases New Holdings in DHT Holdings, Inc. $DHT

Marnell Management LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 146,793 shares of the shipping company’s stock, valued at approximately $1,792,000. DHT makes up 0.9% of Marnell Management LLC’s investment portfolio, making the stock its 27th largest holding. Marnell Management LLC owned 0.09% of DHT at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 1,596 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of DHT by 96.5% in the third 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 in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of DHT in the fourth quarter valued at approximately $58,000. Leonteq Securities AG acquired a new stake in shares of DHT in the fourth quarter valued at approximately $59,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of DHT in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DHT shares. Dnb Carnegie lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. BTIG Research raised their price objective on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Finally, Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.33.

DHT Price Performance

Shares of DHT stock opened at $17.55 on Monday. DHT Holdings, Inc. has a 52-week low of $10.61 and a 52-week high of $20.55. The stock has a market cap of $2.83 billion, a PE ratio of 8.52 and a beta of -0.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. The firm’s 50 day moving average price is $17.71 and its two-hundred day moving average price is $15.88.

DHT (NYSE:DHT) last announced its quarterly earnings data on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. DHT had a net margin of 58.54% and a return on equity of 27.54%. The firm had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $152.15 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 14.6%. DHT’s payout ratio is 124.27%.

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.