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

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

DHT Stock Down 4.4%

Shares of DHT stock opened at $18.33 on Thursday. The firm’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $17.89. 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 Holdings, Inc. has a 1 year low of $10.83 and a 1 year high of $20.62. The firm has a market capitalization of $2.95 billion, a P/E ratio of 6.23 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 was paid on Monday, August 24th. Investors of record on Monday, August 17th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 26.6%. 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 payout ratio is currently 165.99%.

Hedge Funds Weigh In On DHT

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in DHT by 358.7% in the second quarter. California State Teachers Retirement System now owns 33,589 shares of the shipping company’s stock valued at $555,000 after buying an additional 26,266 shares during the period. Raiffeisen Bank International AG boosted 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 acquiring an additional 32,765 shares during the period. AXQ Capital LP bought a new position in shares of DHT during the 2nd quarter worth approximately $641,000. Triumph Capital Management boosted its stake in shares of DHT by 155.0% during the 2nd 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, Headlands Technologies LLC acquired a new position in shares of DHT during the 2nd quarter worth approximately $299,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

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