Thrivent Financial for Lutherans Acquires 90,993 Shares of DHT Holdings, Inc. $DHT

Thrivent Financial for Lutherans grew its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 112.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 172,168 shares of the shipping company’s stock after purchasing an additional 90,993 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of DHT worth $2,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHT. Roble Belko & Company Inc bought a new position in DHT during the 2nd quarter valued at approximately $30,000. Federated Hermes Inc. increased its holdings in shares of DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,368 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of DHT by 190.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 1,982 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of DHT by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after purchasing an additional 1,596 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in DHT by 260.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company’s stock worth $63,000 after purchasing an additional 4,176 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DHT shares. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research note on Wednesday, January 21st. Wall Street Zen cut shares of DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Evercore boosted their price objective on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. Finally, BTIG Research increased their target price on DHT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.33.

DHT Stock Up 2.7%

DHT opened at $15.47 on Thursday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.81 and a beta of -0.07. The firm has a 50 day moving average price of $13.13 and a 200-day moving average price of $12.55. DHT Holdings, Inc. has a twelve month low of $8.99 and a twelve month high of $15.68. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 0.34.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $117.80 million during the quarter, compared to the consensus estimate of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 19th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.6%. This is a boost from DHT’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 19th. DHT’s dividend payout ratio (DPR) is currently 54.96%.

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.