Samalin Investment Counsel LLC bought a new stake in shares of DHT Holdings, Inc. (NYSE:DHT – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 41,537 shares of the shipping company’s stock, valued at approximately $937,000.
Other hedge funds have also modified their holdings of the company. Reyes Financial Architecture Inc. acquired a new position in shares of DHT in the 3rd quarter valued at $37,000. Western Wealth Management LLC purchased a new position in DHT in the 1st quarter worth about $46,000. Triumph Capital Management increased its stake in DHT by 155.0% in the 2nd quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock worth $61,000 after purchasing an additional 2,247 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in DHT by 32.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock worth $89,000 after buying an additional 1,175 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in DHT during the 2nd quarter worth about $83,000. 58.53% of the stock is owned by hedge funds and other institutional investors.
DHT Stock Performance
DHT stock opened at $24.56 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64. The stock has a market cap of $3.96 billion, a P/E ratio of 8.35 and a beta of -0.03. The firm has a 50 day simple moving average of $22.03 and a 200 day simple moving average of $19.35. DHT Holdings, Inc. has a 52 week low of $11.64 and a 52 week high of $26.91.
DHT (NYSE:DHT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.04. The firm had revenue of $254.96 million for 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 company’s revenue for the quarter was up 174.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS.
DHT Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a dividend of $1.22 per share. This is an increase from DHT’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 19.9%. DHT’s dividend payout ratio (DPR) is 165.99%.
Insider Buying and Selling at DHT
In other news, Director Erik Lind sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $22.46, for a total transaction of $673,800.00. Following the transaction, the director directly owned 132,294 shares in the company, valued at $2,971,323.24. The trade was a 18.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jon Eglin sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was 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 in the company, valued at $6,489,193.78. This trade represents a 13.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 583,803 shares of company stock worth $11,843,097 over the last 90 days.
Analysts Set New Price Targets
A number of analysts have commented on DHT shares. Weiss Ratings raised shares of DHT from a “buy (b+)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. BTIG Research raised their target price on shares of DHT from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, DHT has an average rating of “Moderate Buy” and a consensus target price of $21.00.
Read Our Latest Stock Report on DHT
DHT Profile
DHT Holdings, Inc (NYSE:DHT) is a maritime transportation company that owns and operates crude oil tankers. The company’s fleet is primarily composed of very large crude carriers (VLCCs), which transport large volumes of crude oil between major production and refining markets worldwide.
DHT provides ocean transportation services to energy companies, commodity traders and other customers through voyage charters, time charters and other commercial arrangements. Its operations include the commercial, technical and safety management of its vessels, with activities serving international crude oil trade routes across the Atlantic, Pacific and other major maritime regions.
Founded in 2005, DHT is incorporated in the Marshall Islands and has corporate and operational activities based in Bermuda, Norway and Singapore.
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