Sterneck Capital Management LLC cut its stake in shares of DHT Holdings Inc (NYSE:DHT) by 55.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 87,390 shares of the shipping company’s stock after selling 108,460 shares during the period. Sterneck Capital Management LLC’s holdings in DHT were worth $314,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Amerigo Asset Management bought a new position in shares of DHT during the third quarter valued at $3,345,000. B. Riley Financial Inc. bought a new position in shares of DHT during the third quarter valued at $490,000. Cubist Systematic Strategies LLC lifted its holdings in shares of DHT by 438.1% during the third quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock valued at $309,000 after acquiring an additional 63,295 shares during the period. Caxton Associates LP lifted its holdings in shares of DHT by 40.0% during the third quarter. Caxton Associates LP now owns 350,000 shares of the shipping company’s stock valued at $1,393,000 after acquiring an additional 100,000 shares during the period. Finally, State of Wisconsin Investment Board lifted its holdings in shares of DHT by 63.9% during the third quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock valued at $3,587,000 after acquiring an additional 351,300 shares during the period. 35.51% of the stock is owned by institutional investors.
DHT Holdings Inc (NYSE:DHT) opened at $3.61 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.01 and a debt-to-equity ratio of 0.78. DHT Holdings Inc has a twelve month low of $3.27 and a twelve month high of $5.20. The stock has a market capitalization of $514.13, a PE ratio of 20.06 and a beta of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be issued a $0.02 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.22%. DHT’s dividend payout ratio is 80.00%.
A number of research analysts have issued reports on DHT shares. Jefferies Group reissued a “buy” rating on shares of DHT in a report on Thursday, October 19th. Maxim Group set a $7.00 price objective on DHT and gave the company a “buy” rating in a report on Monday, November 27th. Pareto Securities raised DHT from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. TheStreet raised DHT from a “d+” rating to a “c-” rating in a report on Monday, November 13th. Finally, ValuEngine cut DHT from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.00.
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DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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