DHT (NYSE:DHT) Insider Sells $525,000.00 in Stock

DHT Holdings, Inc. (NYSE:DHT) insider Jon Eglin sold 25,000 shares of DHT stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $21.00, for a total value of $525,000.00. Following the completion of the transaction, the insider directly owned 274,622 shares in the company, valued at $5,767,062. This represents a 8.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jon Stephen Eglin also recently made the following trade(s):

• On Friday, August 21st, Jon Eglin sold 25,000 shares of DHT stock. The stock was sold at an average price of $20.35, for a total transaction of $508,750.00.
• On Wednesday, August 19th, Jon Eglin sold 50,000 shares of DHT stock. The shares were sold at an average price of $19.99, for a total value of $999,500.00.

DHT Stock Performance

DHT stock traded down $0.09 during midday trading on Tuesday, hitting $20.79. The stock had a trading volume of 884,818 shares, compared to its average volume of 3,697,755. DHT Holdings, Inc. has a 52 week low of $10.83 and a 52 week high of $21.15. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $18.56 and a 200 day simple moving average of $18.15. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.06 and a beta of -0.09.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The company had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $247.17 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.88 annualized dividend and a yield of 23.5%. This is a positive change from DHT’s previous quarterly dividend of $0.64. DHT’s payout ratio is presently 165.99%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

Institutional Trading of DHT

Several hedge funds have recently modified their holdings of DHT. EverSource Wealth Advisors LLC lifted its holdings in DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock worth $36,000 after buying an additional 1,596 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in DHT by 568.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 3,022 shares during the period. Western Wealth Management LLC bought a new position in shares of DHT in the 1st quarter valued at about $46,000. Leonteq Securities AG acquired a new stake in shares of DHT during the 4th quarter worth approximately $59,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of DHT during the third quarter worth approximately $60,000. 58.53% of the stock is owned by institutional investors.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.