Strs Ohio Sells 44,000 Shares of DHT Holdings, Inc. $DHT

Strs Ohio reduced its holdings in DHT Holdings, Inc. (NYSE:DHT) by 69.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,400 shares of the shipping company’s stock after selling 44,000 shares during the period. Strs Ohio’s holdings in DHT were worth $354,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of DHT by 593.3% in the fourth quarter. State of Alaska Department of Revenue now owns 41,145 shares of the shipping company’s stock valued at $501,000 after purchasing an additional 35,210 shares in the last quarter. Artemis Investment Management LLP bought a new stake in DHT during the fourth quarter worth about $2,720,000. SG Americas Securities LLC increased its holdings in DHT by 294.9% during the 4th quarter. SG Americas Securities LLC now owns 406,294 shares of the shipping company’s stock valued at $4,961,000 after purchasing an additional 303,401 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of DHT in the fourth quarter worth about $891,000. Finally, Ruffer LLP bought a new position in DHT in the 4th quarter valued at $4,387,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

NYSE:DHT traded up $0.82 during mid-day trading on Friday, hitting $17.75. 2,328,385 shares of the stock were exchanged, compared to its average volume of 3,960,137. 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 stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.62 and a beta of -0.11. The firm’s 50-day simple moving average is $17.67 and its 200 day simple moving average is $16.59. DHT Holdings, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $20.55.

DHT (NYSE:DHT) last announced its earnings results 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 company had revenue of $157.20 million during the quarter, compared to analysts’ expectations of $152.15 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. DHT’s quarterly revenue was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were issued a $0.64 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 14.4%. This is a boost from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is presently 124.27%.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of recent research reports. 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 upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Evercore lowered DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a report on Wednesday, April 22nd. Finally, BTIG Research raised their price objective on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

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.