Counterpoint Mutual Funds LLC Acquires 188,015 Shares of DHT Holdings, Inc. $DHT

Counterpoint Mutual Funds LLC boosted its holdings in DHT Holdings, Inc. (NYSE:DHT) by 451.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,694 shares of the shipping company’s stock after buying an additional 188,015 shares during the period. Counterpoint Mutual Funds LLC owned approximately 0.14% of DHT worth $4,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted 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 during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of DHT by 568.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after purchasing an additional 3,022 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of DHT during the fourth quarter worth $58,000. Leonteq Securities AG acquired a new stake in shares of DHT during the fourth quarter worth $59,000. Finally, Sunbelt Securities Inc. bought a new stake in DHT in the third quarter valued at about $60,000. 58.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Evercore lowered DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a research report on Wednesday, April 22nd. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, BTIG Research upped their price target on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.33.

DHT Trading Down 0.1%

Shares of NYSE DHT opened at $17.16 on Friday. The company’s fifty day moving average is $17.75 and its 200-day moving average is $16.42. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 8.33 and a beta of -0.11. 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 announced its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million during the quarter, compared to analyst estimates of $152.15 million. DHT had a net margin of 58.54% and a return on equity of 27.54%. The firm’s revenue was up 134.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS.

DHT Increases Dividend

The firm also recently announced 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 positive change from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 14.9%. DHT’s payout ratio is presently 124.27%.

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.