Sanctuary Advisors LLC Purchases New Shares in DHT Holdings, Inc. $DHT

Sanctuary Advisors LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 56,715 shares of the shipping company’s stock, valued at approximately $1,036,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of DHT by 178.9% in the first quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock worth $741,000 after acquiring an additional 45,275 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of DHT during the second quarter worth approximately $171,000. Creative Planning lifted its position in shares of DHT by 34.1% during the second quarter. Creative Planning now owns 15,189 shares of the shipping company’s stock worth $164,000 after purchasing an additional 3,859 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of DHT by 11.3% during the second quarter. JPMorgan Chase & Co. now owns 400,068 shares of the shipping company’s stock valued at $4,325,000 after purchasing an additional 40,574 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of DHT during the second quarter valued at approximately $162,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

DHT has been the subject of several research analyst reports. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price objective for the company. in a research report on Wednesday, April 22nd. BTIG Research increased their price objective 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 lowered DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

DHT Stock Performance

DHT stock opened at $18.46 on Friday. The company has a market cap of $2.97 billion, a PE ratio of 8.96 and a beta of -0.11. 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 Holdings, Inc. has a 1 year low of $10.69 and a 1 year high of $20.55. The company’s 50-day moving average is $17.57 and its two-hundred day moving average is $17.00.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 EPS for the quarter, topping the consensus estimate 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%. DHT’s revenue was up 134.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from DHT’s previous quarterly dividend of $0.41. This represents a $2.56 dividend on an annualized basis and a yield of 13.9%. DHT’s payout ratio is 124.27%.

DHT Company 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.