DHT Holdings, Inc. (NYSE:DHT - Get Free Report) insider Jon Stephen Eglin sold 25,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $20.35, for a total transaction of $508,750.00. Following the transaction, the insider owned 299,622 shares in the company, valued at $6,097,307.70. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Jon Stephen Eglin also recently made the following trade(s):
- On Wednesday, August 19th, Jon Stephen Eglin sold 50,000 shares of DHT stock. The stock was sold at an average price of $19.99, for a total transaction of $999,500.00.
DHT Stock Down 0.7%
DHT opened at $19.69 on Tuesday. 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 firm has a 50 day moving average price of $18.32 and a 200-day moving average price of $17.82. DHT Holdings, Inc. has a twelve month low of $10.83 and a twelve month high of $20.62. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 6.70 and a beta of -0.11.
DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The company had revenue of $254.96 million for the quarter, compared to analysts' expectations of $247.17 million. During the same quarter last year, the company posted $0.35 earnings per share. The firm's quarterly revenue was up 174.8% on a year-over-year basis.
DHT Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $1.22 dividend. This is an increase from DHT's previous quarterly dividend of $0.64. The ex-dividend date was Monday, August 17th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 24.8%. DHT's dividend payout ratio (DPR) is 165.99%.
Hedge Funds Weigh In On DHT
Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of DHT by 178.9% in the first quarter. AQR Capital Management LLC now owns 70,582 shares of the shipping company's stock worth $741,000 after purchasing an additional 45,275 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of DHT during the 2nd quarter valued at $171,000. Creative Planning raised its position in shares of DHT by 34.1% during the 2nd quarter. Creative Planning now owns 15,189 shares of the shipping company's stock valued at $164,000 after purchasing an additional 3,859 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of DHT by 11.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 400,068 shares of the shipping company's stock valued at $4,325,000 after buying an additional 40,574 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of DHT during the 2nd quarter valued at $162,000. Hedge funds and other institutional investors own 58.53% of the company's stock.
Analysts Set New Price Targets
DHT has been the topic of several research reports. Wall Street Zen raised DHT from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of DHT from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.
View Our Latest Report on DHT
DHT Company Profile
(
Get Free Report)
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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