Artemis Investment Management LLP Makes New Investment in DHT Holdings, Inc. $DHT

Key Points

• Artemis Investment Management bought a new stake of 222,780 shares in DHT Holdings (≈$2.72M), representing about 0.14% ownership, as reported in the firm's latest SEC filing.
• DHT recently raised its quarterly dividend to $0.41 (annualized $1.64), yielding about 8.7%, though the payout ratio is high at 125.19%.
• Analyst sentiment is mixed but leaning positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $19.33, while recent notes range from Evercore's $19 target to BTIG's upgraded $23 target.

Artemis Investment Management LLP acquired a new stake in DHT Holdings, Inc. (NYSE:DHT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 222,780 shares of the shipping company's stock, valued at approximately $2,720,000. Artemis Investment Management LLP owned about 0.14% of DHT as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DHT. Dimensional Fund Advisors LP raised its holdings in DHT by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 10,633,115 shares of the shipping company's stock worth $127,067,000 after purchasing an additional 66,242 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of DHT by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company's stock valued at $63,097,000 after buying an additional 380,688 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of DHT by 360.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company's stock valued at $35,416,000 after buying an additional 2,320,564 shares in the last quarter. Wasatch Advisors LP grew its position in shares of DHT by 11.9% in the 3rd quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company's stock valued at $27,834,000 after buying an additional 248,620 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of DHT by 18.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company's stock valued at $22,192,000 after buying an additional 293,580 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHT. Weiss Ratings reissued a "buy (b)" rating on shares of DHT in a research report on Monday, April 20th. Evercore cut DHT from an "outperform" rating to an "in-line" rating and set a $19.00 target price on the stock. in a research report on Wednesday, April 22nd. Dnb Carnegie downgraded DHT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Wall Street Zen raised DHT from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Finally, BTIG Research raised their price target on DHT from $18.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, DHT has a consensus rating of "Moderate Buy" and an average price target of $19.33.

DHT Trading Up 1.9%

Shares of DHT stock opened at $18.84 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. The company has a market capitalization of $3.03 billion, a P/E ratio of 14.38 and a beta of -0.08. DHT Holdings, Inc. has a 1 year low of $10.61 and a 1 year high of $20.55. The company's fifty day moving average is $18.08 and its two-hundred day moving average is $14.94.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. DHT had a net margin of 42.35% and a return on equity of 17.70%. The business had revenue of $117.85 million during the quarter, compared to analysts' expectations of $116.96 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business's revenue was up 37.8% compared to the same quarter last year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 19th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Thursday, February 19th. This is a positive change from DHT's previous quarterly dividend of $0.18. DHT's payout ratio is 125.19%.

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.

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