Tidal Investments LLC Decreases Stock Holdings in DHT Holdings, Inc. $DHT

Tidal Investments LLC decreased its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 22.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,359 shares of the shipping company’s stock after selling 21,802 shares during the period. Tidal Investments LLC’s holdings in DHT were worth $1,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its position in DHT by 74.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,315,767 shares of the shipping company’s stock worth $78,849,000 after purchasing an additional 1,836,892 shares during the period. Bank of America Corp DE lifted its holdings in shares of DHT by 168.3% during the 1st quarter. Bank of America Corp DE now owns 1,186,289 shares of the shipping company’s stock valued at $21,674,000 after buying an additional 744,130 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of DHT by 1,072.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,162,300 shares of the shipping company’s stock worth $21,235,000 after buying an additional 1,063,134 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of DHT by 6.0% in the first quarter. Empowered Funds LLC now owns 773,163 shares of the shipping company’s stock worth $14,126,000 after acquiring an additional 43,514 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV bought a new stake in shares of DHT in the first quarter worth $13,123,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DHT shares. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. BTIG Research boosted their price target on DHT from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Buying and Selling

In other DHT news, Director Svenn Edvardsen sold 341,007 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.29, for a total value of $6,919,032.03. Following the completion of the sale, the director owned 395,705 shares in the company, valued at $8,028,854.45. This represents a 46.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sophie Rossini sold 33,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.04, for a total value of $661,320.00. Following the completion of the transaction, the director directly owned 78,543 shares in the company, valued at $1,574,001.72. This trade represents a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 583,803 shares of company stock worth $11,843,097 in the last quarter. Company insiders own 1.60% of the company’s stock.

DHT Stock Up 2.0%

Shares of DHT stock opened at $23.27 on Friday. DHT Holdings, Inc. has a 12 month low of $10.83 and a 12 month high of $23.51. The stock has a market cap of $3.75 billion, a P/E ratio of 7.92 and a beta of -0.09. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $19.45 and a two-hundred day simple moving average of $18.40.

DHT (NYSE:DHT) last issued its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The business had revenue of $254.96 million for the quarter, compared to analysts’ expectations of $247.17 million. During the same quarter last year, the company posted $0.35 EPS. The company’s revenue was up 174.8% compared to the same quarter last year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.88 dividend on an annualized basis and a yield of 21.0%. This is an increase from DHT’s previous quarterly dividend of $0.64. DHT’s payout ratio is 165.99%.

DHT Profile

DHT Holdings, Inc (NYSE: DHT) is a maritime transportation company that owns and operates crude oil tankers. Its fleet is primarily composed of very large crude carriers (VLCCs), which transport crude oil in international seaborne trade.

The company provides tanker transportation services to energy companies, commodity traders and other customers through a combination of voyage charters, time charters and related commercial arrangements. Its vessels serve major global crude oil trade routes linking oil-producing regions with refineries and consuming markets.

DHT was established in 2005 and is headquartered in Hamilton, Bermuda, with operations and commercial activities supported through international offices.