Sterling Capital Management LLC Sells 39,146 Shares of DHT Holdings, Inc. $DHT

Sterling Capital Management LLC decreased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 89.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,484 shares of the shipping company’s stock after selling 39,146 shares during the quarter. Sterling Capital Management LLC’s holdings in DHT were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in DHT by 91.8% during 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 lifted 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 period. Sound Income Strategies LLC purchased a new stake in shares of DHT in the 4th quarter worth about $58,000. Leonteq Securities AG bought a new stake in shares of DHT during the 4th quarter valued at about $59,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of DHT during the 3rd quarter valued at about $60,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DHT shares. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, April 22nd. Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Finally, BTIG Research increased their target price on DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, DHT presently has an average rating of “Moderate Buy” and an average target price of $19.33.

DHT Stock Performance

Shares of DHT stock opened at $17.71 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.62 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.85 billion, a P/E ratio of 8.60 and a beta of -0.11. The business has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $16.55. DHT Holdings, Inc. has a 12 month low of $10.61 and a 12 month high of $20.55.

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

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 issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 14.5%. This is a boost from DHT’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, May 21st. DHT’s dividend payout ratio is currently 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.