Thrivent Financial for Lutherans Acquires 90,993 Shares of DHT Holdings, Inc. $DHT

Thrivent Financial for Lutherans increased its holdings in DHT Holdings, Inc. (NYSE:DHT) by 112.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 172,168 shares of the shipping company’s stock after acquiring an additional 90,993 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DHT were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DHT. Roble Belko & Company Inc purchased a new stake in DHT during the second quarter valued at approximately $30,000. Federated Hermes Inc. grew its position in shares of DHT by 101.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,368 shares during the period. PNC Financial Services Group Inc. grew its position in shares of DHT by 190.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 1,982 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,596 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in DHT by 260.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company’s stock worth $63,000 after purchasing an additional 4,176 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Performance

NYSE DHT opened at $15.47 on Thursday. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34. DHT Holdings, Inc. has a twelve month low of $8.99 and a twelve month high of $15.68. The business has a 50-day moving average price of $13.13 and a 200-day moving average price of $12.55. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 11.81 and a beta of -0.07.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. DHT had a return on equity of 17.70% and a net margin of 42.35%.The company had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.96 million. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. As a group, equities research analysts predict that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.6%. This is a boost from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 19th. DHT’s payout ratio is presently 54.96%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BTIG Research lifted their target price on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Evercore boosted their price objective on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Jefferies Financial Group restated a “buy” rating and set a $16.00 target price on shares of DHT in a research note on Thursday, October 30th. Finally, Wall Street Zen lowered shares of DHT from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, DHT currently has a consensus rating of “Moderate Buy” and an average price target of $16.33.

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.