DHT Holdings Inc (NYSE:DHT) Shares Acquired by Meeder Asset Management Inc.

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Meeder Asset Management Inc. raised its stake in shares of DHT Holdings Inc (NYSE:DHT) by 2,556.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,156 shares of the shipping company’s stock after purchasing an additional 10,736 shares during the quarter. Meeder Asset Management Inc.’s holdings in DHT were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DHT. Dimensional Fund Advisors LP increased its position in DHT by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock worth $36,087,000 after purchasing an additional 707,575 shares during the last quarter. DNB Asset Management AS increased its position in shares of DHT by 792.4% during the second quarter. DNB Asset Management AS now owns 1,579,600 shares of the shipping company’s stock valued at $9,320,000 after acquiring an additional 1,402,600 shares during the last quarter. Hartree Partners LP increased its position in shares of DHT by 90.0% during the first quarter. Hartree Partners LP now owns 760,000 shares of the shipping company’s stock valued at $3,390,000 after acquiring an additional 360,000 shares during the last quarter. Deutsche Bank AG increased its position in shares of DHT by 42.9% during the fourth quarter. Deutsche Bank AG now owns 523,433 shares of the shipping company’s stock valued at $2,050,000 after acquiring an additional 157,167 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of DHT by 18.5% during the fourth quarter. Geode Capital Management LLC now owns 320,562 shares of the shipping company’s stock valued at $1,256,000 after acquiring an additional 50,063 shares during the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Several research analysts have recently commented on DHT shares. ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Zacks Investment Research lowered shares of DHT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Evercore ISI reissued a “buy” rating and issued a $8.00 price objective on shares of DHT in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $6.90.

Shares of DHT stock opened at $5.55 on Wednesday. DHT Holdings Inc has a 52-week low of $3.60 and a 52-week high of $6.24. The company has a 50 day moving average of $5.64 and a 200 day moving average of $5.23. The company has a quick ratio of 0.98, a current ratio of 1.29 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $789.43 million, a P/E ratio of -22.20, a P/E/G ratio of 5.31 and a beta of 0.54.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 6th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $61.20 million during the quarter, compared to the consensus estimate of $56.37 million. DHT had a negative net margin of 0.54% and a positive return on equity of 1.10%. The firm’s quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. As a group, research analysts anticipate that DHT Holdings Inc will post 0.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.44%. DHT’s payout ratio is -32.00%.

DHT Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Institutional Ownership by Quarter for DHT (NYSE:DHT)

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