DHT Holdings, Inc. (NYSE:DHT) Short Interest Update

DHT Holdings, Inc. (NYSE:DHT) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 7,360,000 shares, an increase of 13.8% from the July 31st total of 6,470,000 shares. Based on an average daily trading volume, of 1,960,000 shares, the short-interest ratio is presently 3.8 days. Approximately 5.3% of the company’s shares are sold short.

DHT Stock Performance

DHT stock traded up $0.19 during trading on Friday, hitting $10.83. 2,265,627 shares of the company’s stock traded hands, compared to its average volume of 1,869,096. The company has a quick ratio of 2.69, a current ratio of 3.30 and a debt-to-equity ratio of 0.35. DHT has a 52 week low of $8.60 and a 52 week high of $12.80. The stock has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $11.41. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 10.31 and a beta of -0.35.

DHT (NYSE:DHT) last released its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. DHT had a return on equity of 16.34% and a net margin of 29.58%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, equities analysts anticipate that DHT will post 1.22 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 9.97%. DHT’s dividend payout ratio is presently 102.86%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price target on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.67.

Institutional Investors Weigh In On DHT

A number of institutional investors and hedge funds have recently bought and sold shares of DHT. New York State Common Retirement Fund lifted its holdings in DHT by 20.5% in the 4th quarter. New York State Common Retirement Fund now owns 186,764 shares of the shipping company’s stock valued at $1,832,000 after acquiring an additional 31,797 shares during the last quarter. National Bank of Canada FI lifted its holdings in DHT by 150.0% in the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 3,000 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in DHT in the 4th quarter valued at about $98,000. Charles Schwab Investment Management Inc. lifted its stake in DHT by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,082,122 shares of the shipping company’s stock valued at $10,616,000 after buying an additional 19,440 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in DHT by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,361,401 shares of the shipping company’s stock valued at $131,076,000 after buying an additional 76,464 shares in the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.