DHT Holdings, Inc. (NYSE:DHT – Get Free Report) Director Jeremy Kramer sold 29,796 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $18.65, for a total transaction of $555,695.40. Following the sale, the director directly owned 71,332 shares of the company’s stock, valued at $1,330,341.80. This represents a 29.46% 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 Up 3.0%
NYSE DHT opened at $18.75 on Thursday. The stock has a market cap of $3.02 billion, a PE ratio of 6.38 and a beta of -0.11. DHT Holdings, Inc. has a 12 month low of $10.69 and a 12 month high of $20.55. The company’s 50-day moving average price is $17.90 and its 200-day moving average price is $17.51. 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 – Get Free Report) 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
Institutional Investors Weigh In On DHT
Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of DHT by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 1,596 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of DHT by 568.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock worth $43,000 after purchasing an additional 3,022 shares in the last quarter. Western Wealth Management LLC purchased a new position in DHT during the 1st quarter worth $46,000. Leonteq Securities AG purchased a new position in DHT during the 4th quarter worth $59,000. Finally, Sunbelt Securities Inc. acquired a new position in DHT during the 3rd quarter valued at about $60,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have commented on the company. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Evercore downgraded DHT from an “outperform” rating to an “in-line” rating and set a $19.00 price target on the stock. in a research report on Wednesday, April 22nd. Finally, BTIG Research raised their price target on DHT from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.
View Our Latest Stock Report on DHT
DHT Company Profile
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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