DHT Holdings, Inc. (NYSE:DHT – Get Free Report) Director Svenn Magne Edvardsen sold 341,007 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.29, for a total transaction of $6,919,032.03. Following the completion of the transaction, the director owned 395,705 shares in the company, valued at $8,028,854.45. This represents a 46.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
DHT Stock Down 0.7%
Shares of NYSE DHT opened at $19.69 on Tuesday. DHT Holdings, Inc. has a 52-week low of $10.83 and a 52-week high of $20.62. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 6.70 and a beta of -0.11. The stock has a 50 day moving average price of $18.32 and a 200 day moving average price of $17.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64.
DHT (NYSE:DHT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 EPS 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 company had revenue of $254.96 million for the quarter, compared to the consensus estimate of $247.17 million. During the same period last year, the business posted $0.35 EPS. DHT’s quarterly revenue was up 174.8% on a year-over-year basis.
DHT Increases Dividend
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in DHT. California State Teachers Retirement System boosted its position in DHT by 358.7% during the second quarter. California State Teachers Retirement System now owns 33,589 shares of the shipping company’s stock valued at $555,000 after purchasing an additional 26,266 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in DHT by 42.4% in the second 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 in the last quarter. AXQ Capital LP purchased a new stake in shares of DHT during the second quarter valued at about $641,000. Triumph Capital Management lifted its position in shares of DHT by 155.0% during the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock valued at $61,000 after buying an additional 2,247 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of DHT during the second quarter valued at about $299,000. 58.53% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
DHT has been the topic of a number of research reports. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of DHT from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, DHT has an average rating of “Moderate Buy” and a consensus 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.
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