Prudential Financial Inc. raised its position in shares of DHT Holdings Inc. (NYSE:DHT) by 99.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,034,100 shares of the company’s stock after buying an additional 516,100 shares during the period. Prudential Financial Inc. owned approximately 1.11% of DHT Holdings worth $5,202,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. InterOcean Capital LLC boosted its position in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock worth $276,000 after buying an additional 1,150 shares in the last quarter. HAP Trading LLC purchased a new stake in DHT Holdings during the second quarter valued at $1,025,000. Emerald Acquisition Ltd. purchased a new stake in DHT Holdings during the second quarter valued at $335,000. Glendon Capital Management LP purchased a new stake in DHT Holdings during the second quarter valued at $567,000. Finally, Quantbot Technologies LP raised its stake in DHT Holdings by 631.7% in the second quarter. Quantbot Technologies LP now owns 66,808 shares of the company’s stock valued at $336,000 after buying an additional 57,677 shares during the last quarter. Institutional investors own 67.66% of the company’s stock.
DHT Holdings Inc. (NYSE:DHT) opened at 4.17 on Friday. The stock has a 50 day moving average of $4.24 and a 200 day moving average of $5.06. The company 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.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The business earned $83.20 million during the quarter, compared to the consensus estimate 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 for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Equities research analysts predict that DHT Holdings Inc. will post $1.02 earnings per share for the current fiscal year.
Several research firms have recently weighed in on DHT. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a report on Monday, August 22nd. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Wells Fargo & Co. began coverage on shares of DHT Holdings in a report on Monday, September 26th. They issued a “market perform” rating on the stock. Finally, TheStreet lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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.