DHT Holdings, Inc. (NYSE:DHT – Get Free Report) insider Jon Stephen Eglin sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $19.99, for a total transaction of $999,500.00. Following the completion of the transaction, the insider directly owned 324,622 shares of the company’s stock, valued at $6,489,193.78. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
DHT Price Performance
DHT opened at $19.74 on Friday. The stock has a market cap of $3.18 billion, a P/E ratio of 6.71 and a beta of -0.11. DHT Holdings, Inc. has a 12 month low of $10.83 and a 12 month high of $20.62. The company has a quick ratio of 3.32, a current ratio of 3.64 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $18.30 and a 200 day simple moving average of $17.76.
DHT (NYSE:DHT – Get Free Report) last posted its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a return on equity of 39.40% and a net margin of 65.52%.The firm had revenue of $254.96 million for the quarter, compared to analyst estimates of $247.17 million. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 174.8% on a year-over-year basis.
DHT Increases Dividend
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on DHT shares. Wall Street Zen upgraded DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised DHT from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and an average price target of $19.33.
View Our Latest Research Report on DHT
Institutional Investors Weigh In On DHT
Several institutional investors have recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG boosted its stake in DHT by 42.4% in the 2nd quarter. Raiffeisen Bank International AG now owns 110,031 shares of the shipping company’s stock worth $1,819,000 after purchasing an additional 32,765 shares during the period. AXQ Capital LP acquired a new stake in shares of DHT in the 2nd quarter valued at about $641,000. Triumph Capital Management lifted its holdings in shares of DHT by 155.0% in the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 2,247 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of DHT in the second quarter valued at about $299,000. Finally, Navellier & Associates Inc. bought a new stake in shares of DHT in the second quarter valued at about $3,558,000. 58.53% of the stock is owned by institutional investors.
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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