DHT (NYSE:DHT) Director Sophie Rossini Sells 33,000 Shares of Stock

DHT Holdings, Inc. (NYSE:DHT) Director Sophie Rossini sold 33,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $20.04, for a total value of $661,320.00. Following the completion of the transaction, the director directly owned 78,543 shares of the company’s stock, valued at $1,574,001.72. This represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DHT Stock Down 0.7%

NYSE:DHT opened at $19.69 on Tuesday. The firm’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $17.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32. DHT Holdings, Inc. has a one year low of $10.83 and a one year high of $20.62. The company has a market cap of $3.17 billion, a PE ratio of 6.70 and a beta of -0.11.

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

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $1.22 dividend. The ex-dividend date was Monday, August 17th. This is a positive change from DHT’s previous quarterly dividend of $0.64. This represents a $4.88 dividend on an annualized basis and a yield of 24.8%. DHT’s dividend payout ratio (DPR) is currently 165.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its holdings 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 worth $555,000 after purchasing an additional 26,266 shares in the last quarter. Raiffeisen Bank International AG grew its position 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 buying an additional 32,765 shares during the period. AXQ Capital LP bought a new stake in shares of DHT in the 2nd quarter valued at $641,000. Triumph Capital Management increased its stake in shares of DHT by 155.0% in the 2nd quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock valued at $61,000 after acquiring an additional 2,247 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of DHT in the 2nd quarter valued at $299,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Wall Street Zen raised DHT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from 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.