DHT Holdings, Inc. (NYSE:DHT) is among the best low-priced growth stocks to buy now. According to a latest Form 13F filing with the SEC, Rhumbline Advisers has reduced its position in the shares of DHT Holdings, Inc. (NYSE:DHT) by 22.1%. Following the offloading of 60,988 shares during the first quarter, the firm now owns 214,485 shares of the company’s stock, valued at approximately $2,252,000.
What DHT Holdings, Inc. (NYSE:DHT) exhibits is resilience with its prudent fleet management that helps to stabilize profitability and facilitate both liquidity and dividend longevity. While the ongoing oil market dynamics pose a threat to many crude oil tankers in terms of demand and pricing, the company has focused on enhancing efficiency levels to offset the impact of lower revenues.
The company’s sale of two vessels, DHT Lotus and DHT Peony, for $103 billion, was considered a wise move as it not only supported its profitability but also assisted in managing costs more effectively. The comparative statistics are a testament to the company’s strong position, with DHT Holdings, Inc. (NYSE:DHT) delivering a return of 226.73% that surpasses the market’s return by an impressive 125.31%.
DHT Holdings, Inc. (NYSE:DHT) is a Bermuda-based owner and operator of crude oil tankers mainly in Monaco, Singapore, Norway, and India. Incorporated in 2005, the company is committed to becoming the leading provider of crude oil carriers.
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