DHT (NYSE:DHT) Insider Sells $508,750.00 in Stock

DHT Holdings, Inc. (NYSE:DHT) insider Jon Stephen Eglin sold 25,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.35, for a total transaction of $508,750.00. Following the completion of the sale, the insider owned 299,622 shares in the company, valued at approximately $6,097,307.70. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, August 19th, Jon Stephen Eglin sold 50,000 shares of DHT stock. The shares were sold at an average price of $19.99, for a total transaction of $999,500.00.

DHT Stock Performance

Shares of DHT opened at $18.33 on Thursday. The company has a quick ratio of 3.32, a current ratio of 3.64 and a debt-to-equity ratio of 0.29. The stock has a market cap of $2.95 billion, a P/E ratio of 6.23 and a beta of -0.11. The business’s 50 day moving average price is $18.34 and its 200-day moving average price is $17.89. DHT Holdings, Inc. has a 52 week low of $10.83 and a 52 week high of $20.62.

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

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were given a $1.22 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.88 annualized dividend and a dividend yield of 26.6%. This is a boost from DHT’s previous quarterly dividend of $0.64. DHT’s payout ratio is presently 165.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DHT. Western Wealth Management LLC bought a new position in shares of DHT in the 1st quarter worth approximately $46,000. EverSource Wealth Advisors LLC grew its position in DHT by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after buying an additional 1,596 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after buying an additional 3,022 shares during the last quarter. Triumph Capital Management raised its position in DHT by 155.0% in the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock worth $61,000 after acquiring an additional 2,247 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of DHT by 32.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock worth $89,000 after purchasing an additional 1,175 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DHT shares. Wall Street Zen raised shares of DHT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of DHT from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average target price of $19.33.

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.