GSA Capital Partners LLP Has $1.89 Million Stake in DHT Holdings, Inc. $DHT

GSA Capital Partners LLP decreased its position in DHT Holdings, Inc. (NYSE:DHT) by 20.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 154,496 shares of the shipping company’s stock after selling 40,942 shares during the period. GSA Capital Partners LLP’s holdings in DHT were worth $1,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of DHT by 360.8% during the third quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock valued at $35,416,000 after purchasing an additional 2,320,564 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of DHT by 706.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock valued at $11,650,000 after purchasing an additional 943,990 shares during the period. American Century Companies Inc. raised its holdings in shares of DHT by 7.8% during the third quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock valued at $63,097,000 after purchasing an additional 380,688 shares during the period. Lazard Asset Management LLC increased its position in shares of DHT by 1,376.6% during the second quarter. Lazard Asset Management LLC now owns 388,043 shares of the shipping company’s stock worth $4,194,000 after acquiring an additional 361,764 shares in the last quarter. Finally, Ruffer LLP bought a new stake in shares of DHT during the fourth quarter worth about $4,387,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Trading Down 1.7%

NYSE:DHT opened at $17.61 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.62. The firm has a 50-day moving average of $18.03 and a 200-day moving average of $15.43. The company has a market cap of $2.84 billion, a PE ratio of 8.55 and a beta of -0.08. DHT Holdings, Inc. has a one year low of $10.61 and a one year high of $20.55.

DHT (NYSE:DHT) last posted its 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. DHT had a net margin of 58.54% and a return on equity of 27.54%. The company had revenue of $157.20 million during the quarter, compared to the consensus estimate of $152.15 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 134.9% on a year-over-year basis.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 14.5%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is currently 79.61%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHT. Evercore downgraded shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 target price for the company. in a research report on Wednesday, April 22nd. BTIG Research boosted their target price on shares of DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Dnb Carnegie downgraded shares of DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

DHT 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.