Strs Ohio Invests $774,000 in DHT Holdings, Inc. $DHT

Strs Ohio acquired a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 63,400 shares of the shipping company’s stock, valued at approximately $774,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Artemis Investment Management LLP acquired a new position in shares of DHT during the 4th quarter worth about $2,720,000. Fifth Third Bancorp boosted its position in shares of DHT by 62.7% during the 4th quarter. Fifth Third Bancorp now owns 6,766 shares of the shipping company’s stock worth $83,000 after acquiring an additional 2,607 shares in the last quarter. UBS Group AG boosted its position in shares of DHT by 43.6% during the 4th quarter. UBS Group AG now owns 728,348 shares of the shipping company’s stock worth $8,893,000 after acquiring an additional 221,210 shares in the last quarter. Ruffer LLP acquired a new position in shares of DHT during the 4th quarter worth about $4,387,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of DHT in the 4th quarter valued at about $369,000. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Stock Up 0.5%

Shares of NYSE DHT opened at $19.04 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of 9.24 and a beta of -0.08. The company has a quick ratio of 2.47, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. DHT Holdings, Inc. has a 52-week low of $10.61 and a 52-week high of $20.55. The business has a 50-day moving average price of $18.15 and a 200 day moving average price of $15.11.

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

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is 79.61%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen raised DHT from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. BTIG Research upped their target price on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a research report on Monday, April 20th. Finally, Evercore cut 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. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.33.

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.