Dimensional Fund Advisors LP Trims Stock Holdings in DHT Holdings, Inc. $DHT

Dimensional Fund Advisors LP lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 0.8% in the first quarter, HoldingsChannel.com reports. The fund owned 10,343,906 shares of the shipping company’s stock after selling 80,728 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of DHT worth $188,979,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of DHT by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,008,679 shares of the shipping company’s stock valued at $36,736,000 after purchasing an additional 44,986 shares during the period. Wasatch Advisors LP boosted its stake in shares of DHT by 11.9% in the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after buying an additional 248,620 shares during the last quarter. State Street Corp boosted its stake in shares of DHT by 0.8% in the fourth quarter. State Street Corp now owns 2,269,460 shares of the shipping company’s stock worth $27,710,000 after buying an additional 17,221 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in DHT by 18.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company’s stock worth $22,192,000 after acquiring an additional 293,580 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in DHT by 60.7% during the third quarter. Qube Research & Technologies Ltd now owns 1,732,003 shares of the shipping company’s stock valued at $20,697,000 after acquiring an additional 654,299 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Up 0.3%

Shares of NYSE DHT opened at $18.46 on Friday. DHT Holdings, Inc. has a 1 year low of $10.69 and a 1 year high of $20.55. The company has a 50 day simple moving average of $17.57 and a 200-day simple moving average of $17.00. The company has a market capitalization of $2.97 billion, a P/E ratio of 8.96 and a beta of -0.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62.

DHT (NYSE:DHT) last released its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $157.20 million during the quarter, compared to analyst estimates of $152.15 million. During the same period last year, the business posted $0.27 earnings per share. DHT’s revenue was up 134.9% compared to the same quarter last year.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were given a $0.64 dividend. This is a positive change from DHT’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 13.9%. DHT’s payout ratio is currently 124.27%.

Analyst Upgrades and Downgrades

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