Billionaire David Booth’s Dimensional Fund Advisors has taken a major stake in DHT Holdings.
It has snapped up shares worth over $30m in the tanker owner to take a 6.71% holding, an SEC filing showed.
Dimensional’s move comes with the shipowner fresh from a strong fourth quarter profit of $32.4m.
Executives at DHT batted away suggestions it was preparing for a weaker market and while analysts debated the merits of its relative caution Dimensional has taken 6,229,244 shares in the New York-listed company.
It
