DHT (NYSE:DHT) Director Erik Lind Sells 30,000 Shares

DHT Holdings, Inc. (NYSE:DHT) Director Erik Lind sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $22.46, for a total transaction of $673,800.00. Following the sale, the director directly owned 132,294 shares of the company’s stock, valued at $2,971,323.24. This represents a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

DHT Trading Down 1.0%

NYSE DHT opened at $22.80 on Friday. The stock has a market cap of $3.67 billion, a PE ratio of 7.76 and a beta of -0.09. DHT Holdings, Inc. has a 12 month low of $10.83 and a 12 month high of $23.46. The company’s 50-day moving average price is $19.34 and its 200-day moving average price is $18.36. The company has a current ratio of 3.64, a quick ratio of 3.32 and a debt-to-equity ratio of 0.29.

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 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 net margin of 65.52% and a return on equity of 39.40%. The firm’s revenue for the quarter was up 174.8% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS.

DHT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 21.4%. This is a boost from DHT’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 17th. DHT’s dividend payout ratio is 165.99%.

Hedge Funds Weigh In On DHT

A number of hedge funds and other institutional investors have recently modified their holdings of DHT. BlueCrest Capital Management Ltd purchased a new position in shares of DHT in the 2nd quarter valued at $237,000. Integrated Wealth Concepts LLC bought a new position in shares of DHT in the 2nd quarter worth $83,000. Raiffeisen Bank International AG lifted its stake in shares of DHT by 42.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 110,031 shares of the shipping company’s stock worth $1,819,000 after purchasing an additional 32,765 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of DHT during the 2nd quarter worth $641,000. Finally, Triumph Capital Management boosted its position in DHT by 155.0% during the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 2,247 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a maritime transportation company that owns and operates crude oil tankers. Its fleet is primarily composed of very large crude carriers (VLCCs), which transport crude oil in international seaborne trade.

The company provides tanker transportation services to energy companies, commodity traders and other customers through a combination of voyage charters, time charters and related commercial arrangements. Its vessels serve major global crude oil trade routes linking oil-producing regions with refineries and consuming markets.

DHT was established in 2005 and is headquartered in Hamilton, Bermuda, with operations and commercial activities supported through international offices.