DHT Holdings, Inc. $DHT Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lessened its holdings in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,141 shares of the shipping company's stock after selling 107,116 shares during the period. Engineers Gate Manager LP owned approximately 0.28% of DHT worth $7,474,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company's stock valued at $36,000 after buying an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in DHT by 568.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company's stock worth $43,000 after acquiring an additional 3,022 shares in the last quarter. Western Wealth Management LLC acquired a new stake in DHT in the first quarter worth about $46,000. Leonteq Securities AG purchased a new stake in shares of DHT during the fourth quarter worth about $59,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of DHT during the third quarter worth about $60,000. Institutional investors and hedge funds own 58.53% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of DHT from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

DHT Price Performance

Shares of DHT opened at $21.43 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32. The company's fifty day moving average price is $18.82 and its 200-day moving average price is $18.23. DHT Holdings, Inc. has a 1-year low of $10.83 and a 1-year high of $21.59. The firm has a market capitalization of $3.45 billion, a PE ratio of 7.29 and a beta of -0.09.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. DHT had a return on equity of 39.40% and a net margin of 65.52%.The company had revenue of $254.96 million during the quarter, compared to analyst estimates of $247.17 million. During the same quarter last year, the business posted $0.35 EPS. The firm's quarterly revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $1.22 dividend. The ex-dividend date was Monday, August 17th. This is a positive change from DHT's previous quarterly dividend of $0.64. This represents a $4.88 annualized dividend and a dividend yield of 22.8%. DHT's dividend payout ratio (DPR) is 165.99%.

Insider Transactions at DHT

In related news, Director Svenn Edvardsen sold 341,007 shares of DHT stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.29, for a total transaction of $6,919,032.03. Following the completion of the sale, the director owned 395,705 shares of the company's stock, valued at $8,028,854.45. The trade was a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeremy Kramer sold 29,796 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $18.65, for a total value of $555,695.40. Following the completion of the sale, the director owned 71,332 shares in the company, valued at approximately $1,330,341.80. This represents a 29.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 553,803 shares of company stock valued at $11,169,297. 1.60% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding DHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DHT Holdings, Inc. (NYSE:DHT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.