State Board of Administration of Florida Retirement System held its stake in DHT Holdings Inc. (NYSE:DHT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,044 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.05% of DHT Holdings worth $257,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of DHT Holdings during the second quarter worth approximately $335,000. Glendon Capital Management LP acquired a new stake in shares of DHT Holdings during the second quarter worth approximately $567,000. Quantbot Technologies LP raised its stake in shares of DHT Holdings by 631.7% in the second quarter. Quantbot Technologies LP now owns 66,808 shares of the company’s stock worth $336,000 after buying an additional 57,677 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of DHT Holdings by 19.1% in the second quarter. Bank of New York Mellon Corp now owns 477,027 shares of the company’s stock worth $2,399,000 after buying an additional 76,575 shares during the last quarter. Finally, WealthTrust Axiom LLC acquired a new stake in shares of DHT Holdings during the second quarter worth approximately $102,000. 67.66% of the stock is owned by hedge funds and other institutional investors.
Shares of DHT Holdings Inc. (NYSE:DHT) traded up 0.72% during trading on Friday, hitting $4.20. The stock had a trading volume of 1,621,959 shares. The company has a market cap of $392.14 million, a P/E ratio of 3.44 and a beta of 1.00. DHT Holdings Inc. has a 12 month low of $4.00 and a 12 month high of $8.40. The stock has a 50-day moving average price of $4.23 and a 200 day moving average price of $5.05.
DHT Holdings (NYSE:DHT) last released its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $83.20 million for the quarter, compared to the consensus estimate of $82.44 million. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Equities analysts expect that DHT Holdings Inc. will post $1.02 EPS for the current fiscal year.
DHT has been the subject of a number of research analyst reports. Wells Fargo & Co. initiated coverage on DHT Holdings in a research note on Monday, September 26th. They issued a “market perform” rating for the company. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a research note on Monday, August 22nd. TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Zacks Investment Research lowered DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Finally, Morgan Stanley lowered DHT Holdings from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $7.00 to $5.50 in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.78.
About DHT Holdings
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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