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

Thrivent Financial for Lutherans grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 82.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 314,946 shares of the shipping company’s stock after buying an additional 142,778 shares during the period. Thrivent Financial for Lutherans’ holdings in DHT were worth $3,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHT. Federated Hermes Inc. increased its position in DHT by 101.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,368 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after acquiring an additional 1,596 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of DHT by 96.5% during the 3rd quarter. Fifth Third Bancorp now owns 4,159 shares of the shipping company’s stock worth $50,000 after acquiring an additional 2,042 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of DHT during the 4th quarter worth approximately $58,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of DHT during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Price Performance

DHT stock opened at $17.38 on Friday. DHT Holdings, Inc. has a 1 year low of $10.61 and a 1 year high of $20.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83. The stock’s 50 day moving average price is $17.99 and its 200 day moving average price is $15.51. The firm has a market cap of $2.80 billion, a P/E ratio of 8.43 and a beta of -0.08.

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

DHT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 21st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from DHT’s previous quarterly dividend of $0.41. DHT’s dividend payout ratio is currently 124.27%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DHT shares. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Evercore lowered DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research note on Wednesday, April 22nd. BTIG Research boosted their price target on DHT from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Dnb Carnegie lowered DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

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.