DHT Holdings, Inc. $DHT Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 82.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 314,946 shares of the shipping company’s stock after purchasing an additional 142,778 shares during the period. Thrivent Financial for Lutherans owned about 0.20% of DHT worth $3,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of 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. increased its position 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 worth $63,097,000 after purchasing an additional 380,688 shares in the last quarter. Victory Capital Management Inc. increased its position 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 worth $35,416,000 after purchasing an additional 2,320,564 shares in the last quarter. Wasatch Advisors LP increased its position in shares of DHT by 11.9% during the third quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after purchasing an additional 248,620 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position 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 worth $22,192,000 after purchasing an additional 293,580 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Performance

Shares of DHT stock opened at $17.38 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 8.43 and a beta of -0.08. DHT Holdings, Inc. has a 52-week low of $10.61 and a 52-week high of $20.55. The stock’s 50-day moving average price is $17.99 and its 200 day moving average price is $15.51. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.The firm’s revenue for the quarter was up 134.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.

DHT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 14.7%. The ex-dividend date is Thursday, May 21st. This is a positive change from DHT’s previous quarterly dividend of $0.41. DHT’s payout ratio is presently 124.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Dnb Carnegie cut DHT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. BTIG Research boosted their price target on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Evercore cut DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research report on Wednesday, April 22nd. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and three have given 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 $19.33.

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.