DHT Holdings, Inc. $DHT Shares Sold by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp cut its stake in DHT by 51.9% in Q3, selling 308,626 shares and now holds 286,238 shares worth $3.42M, while several other funds (e.g., Victory Capital, Qube, American Century) materially increased positions, leaving institutional investors with 58.53% ownership.
• DHT raised its quarterly dividend to $0.41 (from $0.18), implying a $1.64 annualized payout and a 9.4% yield, although the dividend payout ratio is elevated at 125.19%.
• The company reported Q results with EPS $0.41 (vs. $0.40 est.) and revenue up 37.8% YoY; analysts have a consensus of Moderate Buy with an average price target of $16.33 while the stock trades near $17.47.

Tudor Investment Corp ET AL lowered its position in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) by 51.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,238 shares of the shipping company's stock after selling 308,626 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.18% of DHT worth $3,421,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DHT. 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 acquiring an additional 2,320,564 shares during the last quarter. 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 acquiring an additional 943,990 shares during the last quarter. 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 acquiring an additional 380,688 shares during the last quarter. Lazard Asset Management LLC raised its holdings 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 valued at $4,194,000 after acquiring an additional 361,764 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of DHT by 18.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company's stock valued at $22,192,000 after acquiring an additional 293,580 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DHT shares. Wall Street Zen raised DHT from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. BTIG Research increased their price target on DHT from $16.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of DHT in a report on Wednesday, January 21st. Finally, Dnb Carnegie cut DHT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.33.

DHT Price Performance

NYSE:DHT opened at $17.47 on Friday. DHT Holdings, Inc. has a one year low of $9.86 and a one year high of $20.55. 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 stock has a market cap of $2.81 billion, a PE ratio of 13.34 and a beta of -0.09. The stock has a 50 day moving average price of $17.33 and a 200 day moving average price of $14.32.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $117.85 million during the quarter, compared to analyst estimates of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The firm's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. Equities research analysts expect that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were given a $0.41 dividend. The ex-dividend date was Thursday, February 19th. This is a positive change from DHT's previous quarterly dividend of $0.18. This represents a $1.64 annualized dividend and a yield of 9.4%. DHT's dividend payout ratio (DPR) is currently 125.19%.

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.

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