Public Employees Retirement System of Ohio Invests $1.44 Million in DHT Holdings, Inc. $DHT

Public Employees Retirement System of Ohio acquired a new stake in shares of DHT Holdings, Inc. (NYSE:DHT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 86,926 shares of the shipping company's stock, valued at approximately $1,437,000. Public Employees Retirement System of Ohio owned approximately 0.05% of DHT as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DHT. Globeflex Capital L P bought a new position in DHT in the second quarter valued at $475,000. Redhawk Wealth Advisors Inc. raised its position in DHT by 117.9% during the second quarter. Redhawk Wealth Advisors Inc. now owns 25,394 shares of the shipping company's stock valued at $420,000 after purchasing an additional 13,738 shares in the last quarter. Baron Wealth Management LLC lifted its stake in DHT by 7.4% during the second quarter. Baron Wealth Management LLC now owns 15,843 shares of the shipping company's stock worth $262,000 after purchasing an additional 1,093 shares during the last quarter. Rathbones Group PLC lifted its stake in DHT by 53.7% during the first quarter. Rathbones Group PLC now owns 15,750 shares of the shipping company's stock worth $288,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Norris Financial Group LLC purchased a new position in shares of DHT in the 1st quarter worth about $316,000. 58.53% of the stock is owned by institutional investors.

Insider Activity at DHT

In other DHT news, insider Jon Eglin sold 25,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $20.35, for a total transaction of $508,750.00. Following the completion of the sale, the insider owned 299,622 shares of the company's stock, valued at $6,097,307.70. This represents a 7.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Svenn Edvardsen sold 341,007 shares of the firm's stock in a transaction on 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 directly owned 395,705 shares in the company, valued at approximately $8,028,854.45. This trade represents a 46.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 528,803 shares of company stock worth $10,644,297 over the last ninety days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered DHT from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, DHT has an average rating of "Moderate Buy" and an average target price of $19.33.

DHT Price Performance

DHT opened at $20.93 on Tuesday. 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 stock's 50 day simple moving average is $18.56 and its 200 day simple moving average is $18.15. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 7.12 and a beta of -0.09. DHT Holdings, Inc. has a 1 year low of $10.83 and a 1 year high of $21.09.

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

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a dividend of $1.22 per share. The ex-dividend date was Monday, August 17th. This represents a $4.88 dividend on an annualized basis and a yield of 23.3%. This is an increase from DHT's previous quarterly dividend of $0.64. DHT's dividend payout ratio (DPR) is currently 165.99%.

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.

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