Cubist Systematic Strategies LLC Raises Position in DHT Holdings Inc (DHT)

Cubist Systematic Strategies LLC increased its stake in DHT Holdings Inc (NYSE:DHT) by 438.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,744 shares of the shipping company’s stock after purchasing an additional 63,295 shares during the quarter. Cubist Systematic Strategies LLC owned 0.05% of DHT worth $309,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DHT. Voya Investment Management LLC boosted its holdings in DHT by 16.8% in the second quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock worth $194,000 after purchasing an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in DHT by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after acquiring an additional 7,388 shares during the period. SG Americas Securities LLC raised its position in DHT by 109.7% in the second quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock worth $310,000 after acquiring an additional 39,125 shares during the period. Engineers Gate Manager LP raised its position in DHT by 195.4% in the second quarter. Engineers Gate Manager LP now owns 97,538 shares of the shipping company’s stock worth $405,000 after acquiring an additional 64,522 shares during the period. Finally, B. Riley Financial Inc. bought a new position in DHT in the third quarter worth approximately $490,000. Institutional investors own 35.70% of the company’s stock.

Several research analysts have weighed in on DHT shares. Jefferies Group reiterated a “buy” rating on shares of DHT in a research report on Thursday, October 19th. ValuEngine upgraded shares of DHT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Maxim Group set a $7.00 price target on shares of DHT and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price target on shares of DHT and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, Zacks Investment Research downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.00.

DHT Holdings Inc (NYSE DHT) opened at $3.86 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65. DHT Holdings Inc has a 52-week low of $3.52 and a 52-week high of $5.20. The firm has a market cap of $549.46, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93.

DHT (NYSE:DHT) last released its quarterly earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business had revenue of $54.80 million for the quarter, compared to the consensus estimate of $50.43 million. DHT had a net margin of 9.68% and a return on equity of 4.84%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned ($0.81) earnings per share. sell-side analysts predict that DHT Holdings Inc will post 0.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.02 per share. The ex-dividend date was Monday, November 27th. This represents a $0.08 annualized dividend and a dividend yield of 2.07%. DHT’s payout ratio is 25.00%.

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DHT Company Profile

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 (VLCC) 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.

Institutional Ownership by Quarter for DHT (NYSE:DHT)

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