Legal & General Group Plc Raises Position in DHT Holdings, Inc. (DHT)

Legal & General Group Plc raised its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,683 shares of the shipping company’s stock after buying an additional 260 shares during the period. Legal & General Group Plc’s holdings in DHT Holdings were worth $110,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of DHT Holdings during the first quarter worth approximately $146,000. Engineers Gate Manager LP acquired a new stake in shares of DHT Holdings during the first quarter worth approximately $148,000. SG Americas Securities LLC boosted its stake in shares of DHT Holdings by 4.0% in the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock worth $159,000 after buying an additional 1,360 shares in the last quarter. American International Group Inc. boosted its stake in shares of DHT Holdings by 7.1% in the first quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock worth $253,000 after buying an additional 3,744 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of DHT Holdings during the first quarter worth approximately $282,000. 35.44% of the stock is owned by institutional investors and hedge funds.

Shares of DHT Holdings, Inc. (DHT) traded up 2.39% during mid-day trading on Friday, hitting $3.85. 680,166 shares of the stock were exchanged. The company’s market cap is $548.04 million. The stock’s 50-day moving average price is $4.11 and its 200-day moving average price is $4.44. DHT Holdings, Inc. has a 52-week low of $3.29 and a 52-week high of $5.20.

DHT Holdings (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $59.63 million during the quarter, compared to analyst estimates of $58.47 million. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. Equities research analysts anticipate that DHT Holdings, Inc. will post $0.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 24th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, August 22nd. DHT Holdings’s payout ratio is presently -72.73%.

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DHT has been the subject of a number of research reports. Maxim Group set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 target price on shares of DHT Holdings in a report on Monday, April 24th. TheStreet cut shares of DHT Holdings from a “c” rating to a “d+” rating in a research note on Monday, May 8th. Zacks Investment Research cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $5.25 price objective on shares of DHT Holdings in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.70.

About DHT Holdings

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.