DHT Holdings Inc. (DHT) Sees Large Volume Increase
Shares of DHT Holdings Inc. (NYSE:DHT) saw strong trading volume on Monday . 2,430,479 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 2,349,651 shares.The stock last traded at $5.38 and had previously closed at $5.14.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of DHT Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Morgan Stanley set a $7.00 price objective on shares of DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. Seaport Global Securities reiterated a “buy” rating and issued a $8.50 price objective (down previously from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. Finally, Jefferies Group lowered their price objective on shares of DHT Holdings from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $7.97.
The stock has a 50-day moving average price of $4.91 and a 200-day moving average price of $5.48. The stock has a market cap of $492.97 million and a PE ratio of 4.33.
DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. During the same period last year, the company posted $0.24 EPS. The company had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $82.44 million. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, analysts anticipate that DHT Holdings Inc. will post $0.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 17.10%. The ex-dividend date of this dividend is Monday, August 22nd.
Other hedge funds have made changes to their positions in the company. Pacific Alternative Asset Management Company LLC acquired a new stake in shares of DHT Holdings during the fourth quarter worth approximately $3,719,000. Systematic Financial Management LP acquired a new stake in shares of DHT Holdings during the fourth quarter worth approximately $3,333,000. New York State Common Retirement Fund raised its stake in shares of DHT Holdings by 198.0% in the fourth quarter. New York State Common Retirement Fund now owns 252,745 shares of the company’s stock worth $2,045,000 after buying an additional 167,945 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of DHT Holdings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 172,080 shares of the company’s stock worth $1,392,000 after buying an additional 3,100 shares during the last quarter.
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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