58,504 Shares in DHT Holdings, Inc. $DHT Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in DHT Holdings, Inc. (NYSE:DHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,504 shares of the shipping company’s stock, valued at approximately $714,000.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake 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 valued at $36,000 after purchasing an additional 1,596 shares in the last quarter. Fifth Third Bancorp grew 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 worth $50,000 after purchasing an additional 2,042 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of DHT in the fourth quarter worth $58,000. Leonteq Securities AG purchased a new position in shares of DHT in the fourth quarter worth $59,000. Finally, Sunbelt Securities Inc. bought a new stake in DHT during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

NYSE:DHT opened at $19.79 on Tuesday. The stock has a market cap of $3.19 billion, a P/E ratio of 9.61 and a beta of -0.12. The firm’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $16.12. DHT Holdings, Inc. has a twelve month low of $10.61 and a twelve month high of $20.55. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33.

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

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors 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 an increase from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 12.9%. DHT’s payout ratio is currently 124.27%.

Wall Street Analysts Forecast Growth

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

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.