Oxbow Advisors LLC Invests $4.62 Million in DHT Holdings, Inc. $DHT

Oxbow Advisors LLC purchased a new stake in DHT Holdings, Inc. (NYSE:DHT) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 252,881 shares of the shipping company’s stock, valued at approximately $4,620,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baron Wealth Management LLC lifted its stake in shares of DHT by 4.2% in the first quarter. Baron Wealth Management LLC now owns 14,750 shares of the shipping company’s stock valued at $269,000 after purchasing an additional 592 shares during the period. MetLife Investment Management LLC increased its holdings in DHT by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 72,883 shares of the shipping company’s stock valued at $890,000 after buying an additional 994 shares in the last quarter. Harbour Investments Inc. increased its holdings in DHT by 16.0% in the fourth quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock valued at $88,000 after buying an additional 1,000 shares in the last quarter. Summit Financial LLC lifted its position in shares of DHT by 0.9% during the 4th quarter. Summit Financial LLC now owns 119,438 shares of the shipping company’s stock valued at $1,458,000 after acquiring an additional 1,111 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of DHT by 0.6% during the 2nd quarter. First Trust Advisors LP now owns 177,393 shares of the shipping company’s stock valued at $1,918,000 after acquiring an additional 1,114 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Price Performance

Shares of NYSE DHT opened at $17.16 on Friday. 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 52 week low of $10.61 and a 52 week high of $20.55. The company’s 50-day moving average price is $17.75 and its 200 day moving average price is $16.42. The company has a current ratio of 1.83, a quick ratio of 1.62 and a debt-to-equity ratio of 0.33.

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, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $157.20 million during 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 firm’s quarterly revenue was up 134.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.64 per share. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 14.9%. DHT’s dividend payout ratio is 124.27%.

Wall Street Analyst Weigh In

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

DHT 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.