DHT (NYSE:DHT) Director Sells $661,320.00 in Stock

DHT Holdings, Inc. (NYSE:DHT) Director Sophie Rossini sold 33,000 shares of DHT stock in a transaction on Friday, August 21st. The shares were sold at an average price of $20.04, for a total transaction of $661,320.00. Following the completion of the sale, the director owned 78,543 shares in the company, valued at $1,574,001.72. The trade was a 29.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

DHT Trading Down 0.4%

Shares of NYSE:DHT opened at $19.74 on Monday. The company’s 50-day moving average price is $18.30 and its two-hundred day moving average price is $17.78. DHT Holdings, Inc. has a one year low of $10.83 and a one year high of $20.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32. The stock has a market capitalization of $3.18 billion, a PE ratio of 6.71 and a beta of -0.11.

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

DHT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 24.7%. This is a boost from DHT’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Monday, August 17th. DHT’s payout ratio is currently 165.99%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DHT. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 1,596 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in DHT by 568.0% in 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 acquiring an additional 3,022 shares during the period. Western Wealth Management LLC acquired a new stake in DHT during the 1st quarter valued at $46,000. Leonteq Securities AG acquired a new stake in DHT during the 4th quarter valued at $59,000. Finally, Sunbelt Securities Inc. bought a new position in DHT during the third quarter worth $60,000. 58.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHT has been the topic of a number of analyst reports. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average target price of $19.33.

About DHT

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.