Alps Advisors Inc. decreased its stake in shares of DHT Holdings Inc. (NYSE:DHT) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,709 shares of the company’s stock after selling 4,681 shares during the period. Alps Advisors Inc.’s holdings in DHT Holdings were worth $320,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. WealthTrust Axiom LLC acquired a new stake in DHT Holdings during the second quarter valued at about $102,000. James Investment Research Inc. acquired a new stake in DHT Holdings during the second quarter valued at about $594,000. Mount Lucas Management LP raised its stake in DHT Holdings by 18.5% in the first quarter. Mount Lucas Management LP now owns 151,750 shares of the company’s stock valued at $874,000 after buying an additional 23,700 shares in the last quarter. Acadian Asset Management LLC raised its stake in DHT Holdings by 95.9% in the second quarter. Acadian Asset Management LLC now owns 167,675 shares of the company’s stock valued at $843,000 after buying an additional 82,091 shares in the last quarter. Finally, Aperio Group LLC raised its stake in DHT Holdings by 139.7% in the first quarter. Aperio Group LLC now owns 207,699 shares of the company’s stock valued at $1,196,000 after buying an additional 121,049 shares in the last quarter. 67.66% of the stock is owned by institutional investors.
DHT Holdings Inc. (NYSE:DHT) traded down 0.95% on Thursday, hitting $4.17. The stock had a trading volume of 1,490,958 shares. The firm has a market cap of $389.34 million, a price-to-earnings ratio of 3.42 and a beta of 1.00. DHT Holdings Inc. has a 52-week low of $4.00 and a 52-week high of $8.47. The company’s 50 day moving average price is $4.25 and its 200 day moving average price is $5.07.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm earned $83.20 million during the quarter, compared to analyst estimates of $82.44 million. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. DHT Holdings’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. Analysts expect that DHT Holdings Inc. will post $1.02 EPS for the current year.
Several research firms recently issued reports on DHT. Morgan Stanley set a $7.00 price objective on DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Jefferies Group dropped their price objective on DHT Holdings from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, Wells Fargo & Co. started coverage on DHT Holdings in a research report on Monday, September 26th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.78.
DHT Holdings Company Profile
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.