252,881 Shares in DHT Holdings, Inc. $DHT Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 252,881 shares of the shipping company’s stock, valued at approximately $4,620,000. Oxbow Advisors LLC owned 0.16% of DHT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of DHT by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 1,596 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of DHT by 568.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after acquiring an additional 3,022 shares during the period. Sound Income Strategies LLC acquired a new position in shares of DHT in the 4th quarter valued at $58,000. Leonteq Securities AG purchased a new stake in DHT in the 4th quarter valued at $59,000. Finally, Sunbelt Securities Inc. purchased a new stake in DHT in the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore cut shares of DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target for the company. in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. BTIG Research upped their target price on shares of DHT from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

DHT Price Performance

Shares of NYSE:DHT opened at $17.16 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.76 billion, a P/E ratio of 8.33 and a beta of -0.11. DHT Holdings, Inc. has a 52 week low of $10.61 and a 52 week high of $20.55. The company has a 50-day moving average price of $17.75 and a 200 day moving average price of $16.42.

DHT (NYSE:DHT) last released its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The firm’s quarterly revenue was up 134.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 21st were issued a dividend of $0.64 per share. 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 14.9%. The ex-dividend date of this dividend was Thursday, May 21st. DHT’s dividend payout ratio is currently 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.