215,222 Shares in DHT Holdings, Inc. $DHT Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. bought a new position in DHT Holdings, Inc. (NYSE:DHT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 215,222 shares of the shipping company’s stock, valued at approximately $3,558,000.

A number of other large investors have also recently modified their holdings of DHT. Wellington Management Group LLP boosted its position in shares of DHT by 36.6% during the 2nd quarter. Wellington Management Group LLP now owns 29,616 shares of the shipping company’s stock valued at $490,000 after acquiring an additional 7,934 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of DHT in the second quarter worth approximately $1,437,000. Globeflex Capital L P purchased a new stake in DHT in the second quarter valued at approximately $475,000. Redhawk Wealth Advisors Inc. raised its stake in DHT by 117.9% in 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. Finally, Baron Wealth Management LLC raised its stake in DHT by 7.4% in the second quarter. Baron Wealth Management LLC now owns 15,843 shares of the shipping company’s stock valued at $262,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Insiders Place Their Bets

In other DHT news, Director Sophie Rossini sold 33,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $20.04, for a total value of $661,320.00. Following the completion of the transaction, the director directly owned 78,543 shares in the company, valued at approximately $1,574,001.72. This represents a 29.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Svenn Magne Edvardsen sold 341,007 shares of the 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 transaction, the director directly owned 395,705 shares of the company’s stock, valued at approximately $8,028,854.45. The trade was a 46.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 528,803 shares of company stock worth $10,644,297. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

DHT Trading Up 1.6%

NYSE DHT opened at $19.66 on Friday. The firm has a market cap of $3.17 billion, a PE ratio of 6.69 and a beta of -0.11. DHT Holdings, Inc. has a 1-year low of $10.83 and a 1-year high of $20.62. The stock has a 50-day moving average of $18.37 and a 200-day moving average of $17.93. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The company had revenue of $254.96 million for the quarter, compared to the consensus estimate of $247.17 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were issued a $1.22 dividend. This is an increase from DHT’s previous quarterly dividend of $0.64. The ex-dividend date was Monday, August 17th. This represents a $4.88 annualized dividend and a yield of 24.8%. DHT’s dividend payout ratio (DPR) is 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.