Stock Traders Purchase Large Volume of DHT Call Options (NYSE:DHT)

DHT Holdings, Inc. (NYSE:DHTGet Free Report) was the target of some unusual options trading activity on Tuesday. Investors acquired 22,365 call options on the stock. This is an increase of approximately 700% compared to the typical volume of 2,795 call options.

Hedge Funds Weigh In On DHT

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of DHT by 178.9% during the 1st quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company’s stock valued at $741,000 after buying an additional 45,275 shares in the last quarter. CWM LLC increased its stake in DHT by 196.1% in the 2nd quarter. CWM LLC now owns 9,071 shares of the shipping company’s stock worth $98,000 after buying an additional 6,008 shares in the last quarter. Ritholtz Wealth Management bought a new stake in DHT during the second quarter valued at about $223,000. Caitong International Asset Management Co. Ltd lifted its position in shares of DHT by 260.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 4,176 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of DHT in the second quarter valued at about $171,000. 58.53% of the stock is currently owned by institutional investors.

DHT Trading Up 2.3%

NYSE:DHT opened at $16.65 on Thursday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 12.71 and a beta of -0.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. DHT has a one year low of $8.99 and a one year high of $16.81. The company’s 50-day simple moving average is $13.46 and its 200 day simple moving average is $12.72.

DHT (NYSE:DHTGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.96 million. DHT had a net margin of 42.35% and a return on equity of 17.70%. DHT’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, analysts forecast that DHT will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.9%. This is an increase from DHT’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 19th. DHT’s dividend payout ratio is 54.96%.

More DHT News

Here are the key news stories impacting DHT this week:

Analyst Ratings Changes

DHT has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. BTIG Research increased their price target on shares of DHT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered shares of DHT from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Evercore upped their target price on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DHT in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and an average target price of $16.33.

View Our Latest Stock Analysis on DHT

About DHT

(Get Free Report)

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.

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